Updated Oct 29, 2024
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
About this deal
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.
On the Map
$9,500,000
$1,415/SF
Single Family
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Players
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