Crista Ryan & Margit Brandt Close $31M Single Family Sale In Palm Beach
584 Island Drive
$31,000,000
$3,948/SF
Building Size
7,852 SF
Asset Type
Single Family
Closing
Jul 9, 2024
AI
Located in Palm Beach at 584 Island Drive, the single-family property was recently sold for $31,000,000. Spanning 7,852 square feet, the sale price per square foot was $3,948.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $31,000,000
- Address: 584 Island Drive
- Market: Palm Beach
The buyer's representative for this transaction was Crista Ryan from Tina Fanjul Associates, Inc. On the other side, Margit Brandt from Premier Estate Properties represented the seller.
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93