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Palm Beach Gardens, Florida...

Adam R. Seligman (As Trustee) Acquires Palm Beach Single Family For $9.5M
SOLDSingle Family

Adam R. Seligman (As Trustee) Acquires Palm Beach Single Family For $9.5M

Palm Beach Gardens, Florida, United States

$9,500,000

$1,415/SF

Building Size

6,710 SF

Asset Type

Single Family

Closing

Jan 14, 2022

AI

A single-family home in Palm Beach has been sold for $9,500,000. The property, totaling 6,710 square feet, was purchased by Adam R. Seligman (As Trustee) through Ward Damon. The transaction took place on January 14, 2022. The sellers of the property were Kimberley R. Lawrie and J. Michael Lawrie of The Lawrie Group. Denise Hanley of Denise A. Hanley Inc. represented the sellers as their broker, while Marley Goodman Overman, affiliated with Illustrated Properties, acted as the buyer's representative.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $9,500,000
  • Square Footage: 6,710
  • Price per Square Foot: $1,416

This transaction showcases the collaboration between Ward Damon, as the buyer's representative, and Denise A. Hanley Inc., working on behalf of the sellers Kimberley R. Lawrie and J. Michael Lawrie. The property's sale reinforces the strong real estate market in Palm Beach.

Players

Denise Hanley

Broker

$27.3M

vol

4 deals

Broker

Adam Seligman

Buyer

$27.9M

vol

2 deals

Buyer

Palm Beach Gardens 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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93