Updated Oct 29, 2024
La Costa Way Trust Acquires Palm Beach Single Family For $31.8M
Palm Beach, Florida, United States
$31,800,000
$2,998/SF
Building Size
10,605 SF
Asset Type
Single Family
Closing
Apr 11, 2022
About this deal
AI
The property involved in this closed transaction is a single-family home located in Palm Beach. It sits on a spacious lot measuring approximately 0.83 acres. The property offers a total of 10,605 square feet of living space and was sold for a price of $31,800,000. The sale price translates to a price per square foot of $2,999. The transaction took place on April 11, 2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $31,800,000
- Market: Palm Beach
- ACRES: 0.83
- Buyer: La Costa Way Trust - Andrew Cooper - AJ Wealth
- Seller: Rachel Rudin
- Buyer's Rep: Lilly Leas - Brown Harris Stevens
- Seller's Rep: Lawrence Moens - Lawrence A. Moens Associates
- Square Footage: 10,605
- Price per Square Foot: $2,999
The buyer of the property is La Costa Way Trust represented by Andrew Cooper from AJ Wealth. The seller, on the other hand, is Rachel Rudin. The buyer's representative in this transaction is Lilly Leas from Brown Harris Stevens, while the seller's representative is Lawrence Moens from Lawrence A. Moens Associates.
On the Map
$31,800,000
$2,998/SF
Single Family
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Players
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93