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Palm Beach, Florida, United...

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

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

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.

Players

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker

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