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Palm Beach, Florida, United...

Alia Bint Hussein Sells Palm Beach Single Family Home To 1330 NLW For $45.4M
SOLDSingle Family

Alia Bint Hussein Sells Palm Beach Single Family Home To 1330 NLW For $45.4M

Palm Beach, Florida, United States

$45,400,000

$6,441/SF

Building Size

7,048 SF

Asset Type

Single Family

Closing

Mar 21, 2022

AI

A single-family property in Palm Beach has been sold for $45,400,000. The property spans 7,048 square feet, resulting in a price per square foot of $6,442. The transaction took place on 03/21/2022.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $45,400,000
  • Market: Palm Beach
  • Seller: Alia Bint Hussein
  • Buyer: 1330 NLW

Representing the buyer, Christopher Leavitt from Douglas Elliman facilitated the deal. On the other side, the seller was represented by Shelly Newman from William Raveis South Florida.

It is worth noting that Princess Alia bint Hussein, the eldest child of King Hussein of Jordan, is the seller of the property. Her mother is Sharifa Dina bint Abdul-Hamid, the first wife of King Hussein.

Players

Christopher Leavitt

Douglas Elliman

Broker

$1.3B

vol

51 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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93