Updated Nov 5, 2025
South Flagler Drive Holdings LLC Purchases Two Properties From Gregory E. Georgas For $21M
7425 South Flagler Drive & 7515 South Flagler Drive
$21,000,000
Building Size
—
Asset Type
Single Family
Closing
Nov 4, 2025
About this deal
AI
Two adjacent properties located at 7425 and 7515 South Flagler Drive in West Palm Beach were sold for a combined price of $21 million. The total acreage for the properties is 1.06 acres, classified as single-family assets.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $21,000,000
- Buyer: South Flagler Drive Holdings LLC
- Seller: Gregory E. Georgas - Flagler Hacienda II LLC
- Broker: Hilary Musser - Musser Homes
- Market: West Palm Beach
Hilary Musser of Musser Homes represented the sellers in this transaction. The buyer, South Flagler Drive Holdings LLC, intends to construct a new luxury home on the site, which offers views of the Intracoastal Waterway.
Players
West 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93