Leta Austin Foster Sells Georgian Revival-style House In Palm Beach For $12.5M
345 Pendleton Lane
$12,500,000
Building Size
—
Asset Type
Single Family
Closing
Dec 7, 2023
AI
Palm Beach interior designer Leta Austin Foster and her husband have sold their Georgian Revival-style house located at 345 Pendleton Lane for $12.5 million. The house, which features five bedrooms, has retained its exterior preservation despite the change in ownership.
Summary of transaction details
- Property Type: Single Family
- Sale Price: $12,500,000
- Address: 345 Pendleton Lane, Palm Beach
The buyer's representative in this transaction is Christopher Anthony Vila from PB Realty Advisors, while Jeff Cloninger from Sotheby's International Realty represented the seller, Ridgely & Leta Austin Foster.
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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93