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
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