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Palm Beach, FL, USA

Corcoran Group Acquires Palm Beach Single Family Home For $15.2M
SOLDSingle Family

Corcoran Group Acquires Palm Beach Single Family Home For $15.2M

Palm Beach, FL, USA

$15,200,000

$2,520/SF

Building Size

6,030 SF

Asset Type

Single Family

Closing

Aug 17, 2021

AI

A single-family property in Palm Beach, Florida has been sold for a price of $15,200,000. The property spans over 6,030 square feet, resulting in a price per square foot of $2,521. The transaction took place on August 17, 2021, involving the seller, Susan G. and Christopher Pappas.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $15,200,000
  • Square Footage: 6,030
  • Price Per Square Foot: $2,521
  • Date: 08/17/2021
  • Seller: Susan G. & Christopher Pappas

Dana Koch and Paulette Koch of the Corcoran Group represented the buyer in this transaction. On the seller's side, Linda Olsson of Linda R. Olsson Inc. Realtor served as the seller's representative. This successful sale highlights the involvement of prominent individuals and companies in the real estate market of Palm Beach.

Players

Paulette Koch

The Corcoran Group

Broker

$545.2M

vol

22 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

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93