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Sean Egan & Wenrong Hu Purchase Winter Park Isle Of Sicily Home For $9.7M

Property Image
SOLD
$9,700,000

Florida

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Single Family9,522 SF
Sold 03/29/2024
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Property Image
SOLD

Sean Egan & Wenrong Hu Purchase Winter Park Isle Of Sicily Home For $9.7M

4 Isle of Sicily Road

See Similar Deals
Single Family9,522 SF
Sold 03/29/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,018
Total Square Footage:9,522 SF
Transaction Type:Sale

A Winter Park Isle of Sicily home with dual water views on a 0.89-acre lot was recently sold for $9.7 million. The property spans 9,522 square feet and sold for $1,019 per square foot after spending 327 days on the market. This home offered updated features and attracted buyers looking for waterfront living in Winter Park without the need for extensive renovations.

Summary of transaction details:

This transaction was facilitated by Brian Mitnik from Re/Max 200 Realty as the buyer's representative and John Pinel & Mick Night from Premier Sotheby's International Realty as the seller's representatives. The deal involved notable individuals Sean Egan, Wenrong Hu, Kerry Parker, and Steven Parker, showcasing the collaborative efforts of all parties involved in the successful sale.

Players

Mick Night
3 deals$33.4M volume
BROKER

John Pinel
Sotheby's International Realty
2 deals$20.4M volume
BROKER

Brian Mitnik
Re/Max
2 deals$16.6M volume(407) 421-2832
BROKER

Details

SOLD
IMAGE: 03/29/2024 ADDRESS: 4 Isle of Sicily Road MARKET: Winter Park ASSET TYPE: Single Family ~ ACRES: 0.89 BUYER: Sean Egan & Wenrong Hu SELLER: Kerry & Steven Parker BUYER'S REP: Brian Mitnik - Re/Max 200 Realty SELLER'S REP: John Pinel & Mick Night - Premier Sotheby's International Realty SALE PRICE: $9,700,000 SF: 9,522 ~ PPSF: $1,019 NOTE: A Winter Park Isle of Sicily home with dual water views sold for $9.7 million, after 327 days on the market, offering updated features and avoiding major renovations. The property attracted buyers seeking waterfront living without the need for extensive construction in the highly sought-after Winter Park area.

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

$517,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,982.95
Annual Debt Service$551,795.38