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Susan M. Dufresne Acquires North County Road Single Family In Palm Beach For $13.6M

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SOLD
$13,625,000

Florida

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Single Family5,255 SF
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SOLD

Susan M. Dufresne Acquires North County Road Single Family In Palm Beach For $13.6M

596 North County Road

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Single Family5,255 SF
Sold
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,592
Total Square Footage:5,255 SF
Transaction Type:Sale

A custom-built home in Palm Beach, located at 596 North County Road, has been sold in a closed transaction for a price of $13,625,000. The property is classified as a single family residence and spans across 5,255 square feet. The sale price per square foot is approximately $2,593. The contemporary interiors of the 5-bedroom residence, as well as its spacious primary suite and 40-foot lap pool, make it an exceptional property.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $13,625,000
  • Address: 596 North County Road
  • Market: Palm Beach

The buyers of this remarkable property are Susan M. Dufresne, while the sellers are Suzanne and Michael Ainslie. The deal was facilitated by the brokers Bobby Goodnough, Raj Shrestha, and Suzanne Ainslie, representing Sotheby's International Realty. The involvement of these individuals and companies adds prestige to the transaction and highlights their expertise in the real estate market.

Note: Former Palm Beach Planning and Zoning Commission Chairman Michael Ainslie and his wife, Suzanne, have chosen to sell their custom-built North End home to Susan M. Dufresne for a price of $13.625 million. The property's striking features, including contemporary interiors, a spacious primary suite, and a 40-foot lap pool, make it an alluring investment opportunity.

Players

Suzanne Ainslie
2 deals$19.1M volume
BROKER

Raj Shrestha
Sotheby's International Realty
4 deals$51.8M volume
BROKER

Bobby Goodnough
Sotheby's International Realty
4 deals$51.8M volume
BROKER

Details

SOLD
IMAGE: Suzanne Ainslie, Raj Shrestha & Bobby Goodnough DATE: 12/13/2023 ADDRESS: 596 North County Road MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Susan M. Dufresne SELLER: Suzanne & Michael Ainslie BROKERS: Bobby Goodnough, Raj Shrestha (@SIR.Bobby.Raj) & Suzanne Ainslie (@MamaZannepb) - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $13,625,000 SF: 5,255 ~ PPSF: $2,593 NOTE: Former Palm Beach Planning and Zoning Commission Chairman Michael Ainslie and his wife, Suzanne, have sold their custom-built North End home for $13.625 million to Susan M. Dufresne. The 5-bedroom residence includes contemporary interiors, a spacious primary suite, and a 40-foot lap pool.

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

$726,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$48,406.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,589.45
Annual Debt Service$775,073.41