Aldo Stark Of Prestige Design Homes Purchases Delray Beach Mansion For $27.7 Million
9200 Rockybrook Way
$27,700,000
$1,556/SF
Building Size
17,797 SF
Asset Type
Single Family
Closing
Feb 3, 2025
AI
The property asset involved in the transaction is a single-family home located at 9200 Rockybrook Way in Delray Beach. It spans an area of 17,797 square feet and sits on a 2.67-acre lot. The transaction was completed for a sale price of $27,700,000, resulting in a price per square foot of $1,556.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $27,700,000
- Address: 9200 Rockybrook Way
- Market: Delray Beach
- Broker: Senada Adzem - Douglas Elliman
- Buyer: Aldo Stark - Prestige Design Homes
- Seller: William A. Cafaro & Anthony Cafaro Jr. - Cafaro Company
Aldo Stark acquired the property after recently selling a Ferrari-inspired spec mansion to the Cafaro family. He intends to renovate the mansion and relist it for over $33 million in the future.
Players
Delray 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93