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

Property Image
SOLD
$13,375,000
Dana Koch
Christian Angle

Florida

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Single Family4,332 SF
Sold 11/15/2024
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Property Image
SOLD

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

345 Pendleton Lane

See Similar Deals
Single Family4,332 SF
Sold 11/15/2024
Dana Koch
Christian Angle
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,087
Total Square Footage:4,332 SF
Transaction Type:Sale

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
Christian Angle
99 deals$2.7B volume(561) 659-6551
BROKER
Dana Koch
The Corcoran Group
Dana Koch
42 deals$1B volume
BROKER

Details

SOLD
IMAGE: Reed Krakoff, Delphine Krakoff, Christian Angle, Diana Barrett, Bob Vila & Dana Koch DATE: 11/15/2024 ADDRESS: 345 Pendleton Lane MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Reed Krakoff & Delphine Krakoff SELLER: Diana Barrett & Bob Vila BUYER'S REP: Dana Koch (@KochTeam)- The Corcoran Group (@TheCorcoranGroup) SELLER'S REP: Christian Angle (@Angle_Real_Estate) - Christian Angle Real Estate SALE PRICE: $13,375,000 SF: 4,332 ~ PPSF: $3,087 NOTE: Bob Vila sold a Palm Beach home at 345 Pendleton Lane for $13.4 million, less than a year after buying it for $12.5 million. The 4,332-square-foot John Volk-designed house was sold to Delphine Krakoff, with Christian Angle Real Estate and Corcoran Group handling the transaction.

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

$713,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,518.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,404.32
Annual Debt Service$760,851.88