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La Costa Way Trust Acquires Palm Beach Single Family For $31.8M

Property Image
SOLD
$31,800,000

Florida

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Single Family10,605 SF
Sold 04/11/2022
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Property Image
SOLD

La Costa Way Trust Acquires Palm Beach Single Family For $31.8M

Palm Beach, Florida, United States

See Similar Deals
Single Family10,605 SF
Sold 04/11/2022
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,998
Total Square Footage:10,605 SF
Transaction Type:Sale

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.

Players

64 deals$2.4B volume(561) 655-5510
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Lilly Leas
2 deals$37.9M volume
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2 deals$63.6M volume
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Details

SOLD
IMAGE: Andrew Cooper & Lilly Leas DATE: 04/11/2022 MARKET: Palm Beach ASSET TYPE: Single Family ~ ACRES: 0.83 BUYER: La Costa Way Trust - Andrew Cooper - AJ Wealth SELLER: Rachel Rudin BUYER'S REP: Lilly Leas - Brown Harris Stevens (@BrownHarrisStevens) SELLER'S REP: Lawrence Moens - Lawrence A. Moens Associates SALE PRICE: $31,800,000 SF: 10,605 ~ PPSF: $2,999

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,696,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$112,978.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$150,748.22
Annual Debt Service$1,808,978.68