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Ulrich Stanley Marine Jr. Acquires Single Family Home In Maitland For $10.3M

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SOLD
$10,300,000

Florida

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Single Family11,668 SF
Sold 05/31/2024
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SOLD

Ulrich Stanley Marine Jr. Acquires Single Family Home In Maitland For $10.3M

570 Manor Road

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Single Family11,668 SF
Sold 05/31/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$882
Total Square Footage:11,668 SF
Transaction Type:Sale

The single-family residence located at 570 Manor Road in Maitland spans 11,668 square feet on 2.73 acres. It was recently sold for $10.3 million, at a rate of $883 per square foot, to Ulrich Stanley Marine Jr. from Prestige Florida Property Investments LLC. Maggie Walas from Sotheby's International Realty represented the buyer, while Dianna Desboyaux from Premier Southern Realty Group represented the seller.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $10,300,000
  • Address: 570 Manor Road
  • Market: Maitland
  • Square Footage: 11,668
  • Price Per Square Foot: $883
  • Buyer: Ulrich Stanley Marine Jr.
  • Seller: Prestige Florida Property Investments LLC
  • Buyer's Representative: Maggie Walas - Sotheby's International Realty
  • Seller's Representative: Dianna Desboyaux - Premier Southern Realty Group

Ulrich Stanley Marine Jr. acquired the property at 570 Manor Road in Maitland, representing an acquisition of a substantial single-family residence. The involvement of Maggie Walas from Sotheby's International Realty as the buyer's representative and Dianna Desboyaux from Premier Southern Realty Group as the seller's representative highlights the professional guidance and expertise behind this significant transaction.

Players

1 deal$10.3M volume(407) 920-4601
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Details

SOLD
IMAGE: 05/31/2024 ADDRESS: 570 Manor Road MARKET: Maitland ASSET TYPE: Single Family ~ ACRES: 2.73 BUYER: Ulrich Stanley Marine Jr. SELLER: Prestige Florida Property Investments LLC BUYER'S REP: Maggie Walas - Sotheby's International Realty SELLER'S REP: Dianna Desboyaux - Premier Southern Realty Group SALE PRICE: $10,300,000 SF: 11,668 ~ PPSF: $883 NOTE: Ulrich Stanley Marine Jr. acquired the property at 570 Manor Road in Maitland from Prestige Florida Property Investments LLC for $10.3 million, with Maggie Walas of Sotheby's International Realty representing the buyer and Dianna Desboyaux of Southern Realty Group representing the seller. The single-family residence, spanning 11,668 square feet on 2.73 acres, was sold at a price of $883 per square foot.

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

$549,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06