Updated Dec 4, 2024
Mikhail Avrutin Sells Single Family Home In Boca Raton For $28.45M
444 Alexander Palm Road
$28,450,000
$2,935/SF
Building Size
9,692 SF
Asset Type
Single Family
Closing
Apr 5, 2024
About this deal
AI
A stunning contemporary marvel in Boca Raton has recently been sold at 444 E Alexander Palm Rd. This single-family home, spanning 9,692 square feet, was acquired for $28,450,000, reflecting a price per square foot of $2,935. The property, built in 2023 by the renowned Sarkela Corporation and designed by Randall Stofft, boasts spectacular interiors crafted in Italy by D Editors, led by Michele Balacco.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $28,450,000
- Address: 444 E Alexander Palm Rd
- Market: Boca Raton
Marie Mangouta and Adam J. Elmer Jr. from The Worth Group and Fortune International Realty were the brokers responsible for facilitating this exquisite sale. Their expertise played a crucial role in the successful completion of this transaction, showcasing the talent and professionalism of these individuals in the real estate market.
Players
Boca Raton Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.9K per square foot on a published $28.5M for 9,692 square feet (2024).
Visit Fortune International Realty to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93