Updated Dec 4, 2024
Todd Peter And Frances Peter Acquire Single Family Home In Palm Beach For $74.25M As Buyer's Rep
740 Hi Mount Road
$74,250,000
$7,097/SF
Building Size
10,461 SF
Asset Type
Single Family
Closing
Mar 13, 2024
About this deal
AI
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.
On the Map
$74,250,000
$7,097/SF
Single Family
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Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $7.1K per square foot on a published $74.3M for 10,461 square feet (2024).
Visit Christopher (Chris) Leavitt to view all their deals.
Browse Palm Beach single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93