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314 Chilean Ave LLC Purchases Palm Beach Single Family Home For $10.4M With James McCann & Ashley Copeland As Representatives

Property Image
SOLD
$10,400,000
Ashley Copeland
James (Jim) McCann

Florida

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Single Family4,195 SF
Sold 02/14/2025
the dealplayerscompscontact
Property Image
SOLD

314 Chilean Ave LLC Purchases Palm Beach Single Family Home For $10.4M With James McCann & Ashley Copeland As Representatives

314 Chilian Avenue

See Similar Deals
Single Family4,195 SF
Sold 02/14/2025
Ashley Copeland
James (Jim) McCann
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,479
Total Square Footage:4,195 SF
Transaction Type:Sale

A 4,195-square-foot single-family asset located at 314 Chilian Avenue in Palm Beach has been sold for $10,400,000. The property, formerly part of the estate of Maudette Devenow, was initially listed for $16,490,000 in November 2023 before undergoing multiple price reductions.

Summary of transaction details:

An LLC managed by real estate investor Justin T. Daniels has completed the acquisition of the property. This transaction highlights the involvement of key brokerage representatives in the deal, with James McCann representing the buyer and Ashley Copeland representing the seller.

Players

James (Jim) McCann
Premier Estate Properties
James McCann
22 deals$541.1M volume(561) 307-1525
BROKER
Ashley Copeland
Brown Harris Stevens
Ashley Copeland
2 deals$26.9M volume(561) 596-5959
BROKER
Premier Estate Properties
Premier Estate Properties
BROKERAGE

Details

SOLD
IMAGE: James McCann & Ashley Copeland DATE: 02/14/2025 ADDRESS: 314 Chilian Avenue MARKET: Palm Beach ASSET TYPE: Single Family BUYER: 314 Chilean Ave LLC BUYER'S REP: James McCann (@JimMcCannGroup) - Premier Estate Properties (@PremierEstateProperties) SELLER'S REP: Ashley Copeland - Brown Harris Stevens (@BrownHarrisStevens) SALE PRICE: $10,400,000 SF: 4,195 ~ PPSF: $2,479 NOTE: An LLC managed by real estate investor Justin T. Daniels bought a 4,195-sf Palm Beach townhouse at 314 Chilean Ave. for $10.4M. The Mediterranean-style home, sold by the estate of the late Maudette Devenow, was originally listed at $16.49M in November 2023 before multiple price cuts.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$554,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67