Updated Oct 29, 2024
Providence Management LLC Sells Palm Beach Single Family Home For $23.3M
Palm Beach, FL, USA
$23,300,000
$3,584/SF
Building Size
6,500 SF
Asset Type
Single Family
Closing
Nov 3, 2021
About this deal
AI
A waterfront single-family home in Palm Beach has been sold for a staggering $23,300,000. This luxury property, measuring 6,500 square feet, offers a prestigious address and breathtaking views of the surrounding area. With a price per square foot of $3,585, this sale sets a new benchmark in the Palm Beach market. The transaction took place on 11/03/2021 and was facilitated by Lawrence Moens of Lawrence A. Moens Associates, serving as the broker for the seller, Amanda & Alexander Coleman of Providence Management LLC.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $23,300,000
- Square Footage: 6,500
- Price per Square Foot: $3,585
- Market: Palm Beach
Lawrence Moens, a well-known figure in the industry, successfully facilitated the sale of this exclusive waterfront property. His expertise and network played a crucial role in connecting the buyer and seller and ensuring a smooth transaction. With this sale, Moens continues to solidify his position as a top broker in the Palm Beach market.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93