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:
- Property Type: Single Family
- Transaction Amount: $13,375,000
- Buyer: Reed Krakoff & Delphine Krakoff
- Seller: Diana Barrett & Bob Vila
- Buyer's Representative: Dana Koch - The Corcoran Group
- Seller's Representative: Christian Angle - Christian Angle Real Estate
- Date of Sale: 11/15/2024
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
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