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345 Pendleton Lane

Reed Krakoff And Delphine Krakoff Purchase Palm Beach Home From Diana Barrett And Bob Vila For $13.375M
SOLDSingle Family

Reed Krakoff And Delphine Krakoff Purchase Palm Beach Home From Diana Barrett And Bob Vila For $13.375M

345 Pendleton Lane

$13,375,000

$3,087/SF

Building Size

4,332 SF

Asset Type

Single Family

Closing

Nov 15, 2024

AI

The property involved in this transaction is a single-family home located at 345 Pendleton Lane in Palm Beach. It was sold for $13,375,000 and has a total square footage of 4,332. The price per square foot is $3,087.

Summary of transaction details:

The transaction saw Reed Krakoff and Delphine Krakoff acquire the property from Diana Barrett and Bob Vila. The seller, Bob Vila, had previously purchased the home for $12.5 million less than a year prior. The deal was managed by Dana Koch from The Corcoran Group and Christian Angle from Christian Angle Real Estate.

Players

Christian Angle

Christian Angle Real Estate

Broker

$2.7B

vol

99 deals

Broker

Palm Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.19%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93