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596 North County Road

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

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

596 North County Road

$13,625,000

$2,592/SF

Building Size

5,255 SF

Asset Type

Single Family

Closing

Dec 13, 2023

AI

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

Sotheby's International Realty

Broker

$19.1M

vol

2 deals

Broker

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

1.16%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93