Todd Peter And Frances Peter Acquire Single Family Home In Palm Beach For $74.25M As Buyer's Rep
SOLD
$74,250,000
Florida
See Similar DealsSingle Family10,461 SF
Sold 03/13/2024
SOLD
Todd Peter And Frances Peter Acquire Single Family Home In Palm Beach For $74.25M As Buyer's Rep
740 Hi Mount Road
See Similar DealsSingle Family10,461 SF
Sold 03/13/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$7,097
Total Square Footage:10,461 SF
Transaction Type:Sale
The single-family property located at 740 Hi Mount Road in Palm Beach was successfully sold for $74,250,000. Spanning 10,461 square feet, the property was transacted at a price per square foot of $7,098.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $74,250,000
- Address: 740 Hi Mount Road
- Market: Palm Beach
- Seller's Representative: Christopher Leavitt & Ashley McIntosh - Douglas Elliman
- Buyer's Representative: Todd Peter and Frances Peter
The deal involved Christopher Leavitt and Ashley McIntosh from Douglas Elliman representing the sellers, while Todd Peter and Frances Peter acted as the buyer's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$263,794.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$351,982.88
Annual Debt Service$4,223,794.57
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