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Palm Beach, FL, USA

Updated Nov 15, 2023

Clark & Keith Beaty Sell Palm Beach Single Family Property For $64M With Lawrence Moens - Lawrence A. Moens Associates
SOLDSingle Family

Clark & Keith Beaty Sell Palm Beach Single Family Property For $64M With Lawrence Moens - Lawrence A. Moens Associates

Palm Beach, FL, USA

$64,000,000

$4,181/SF

Building Size

15,306 SF

Asset Type

Single Family

Closing

Aug 30, 2021

About this deal

AI

The single-family property in Palm Beach, recently sold for an impressive price of $64,000,000. Spanning over 15,306 square feet, this property offers spacious living areas and luxurious amenities. With a price per square foot of $4,181, the property showcases its high value in the market. Situated on 1.14 acres, the property's price per acre comes to $56,140,350, demonstrating its desirability in the real estate market.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $64,000,000
  • Square Footage: 15,306
  • Price per Square Foot: $4,181
  • Acres: 1.14
  • Price per Acre: $56,140,350
  • Market: Palm Beach

In this sale, the property was sold by Clark & Keith Beaty. The buyer's representative, Lawrence Moens from Lawrence A. Moens Associates, facilitated the transaction. On the seller's side, Chris Deitz from William Raveis South Florida represented Clark & Keith Beaty. These professionals played a crucial role in ensuring a successful and smooth deal.

Players

Lawrence Moens

Broker

$2.4B

vol

65 deals

Broker

Palm Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $4.2K per square foot on a published $64M for 15,306 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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