Updated Dec 4, 2024
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
About this deal
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.
The single family sale at 584 Island Drive in Palm Beach, Florida sold for $31M in 2024. The building is 7,852 square feet, implying about 3.9K per square foot on the published price. Margit Brandt, Crista Ryan, Premier Estate Properties appear on the sale alongside Premier Estate Properties. This page is the Palm Beach, Florida file for the 584 Island Drive single family sold: pricing, party profiles, and other closed single family comps from the same Palm Beach sit in the Market section below. Filter that Palm Beach single family set by closing date to see what else sold near 584 Island Drive around 2024. Published consideration for 584 Island Drive is $31M, dated 2024. Cite this Crista Ryan & Margit Brandt Close $31M Single Family Sale In Palm Beach sale when underwriting similar single family product around Palm Beach, Florida.
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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