Robert Dettmer Sells Palm Beach Mansion For $15.5M, Represented By Linda Olsson & Christian Angle
$15,500,000
$3,446/SF
Building Size
4,498 SF
Asset Type
Single Family
Closing
Nov 1, 2023
AI
Former PepsiCo CFO Robert G. Dettmer has sold his Palm Beach mansion at 309 Chapel Hill Road for $15.5 million, three times the amount he purchased it for in 2010. The upscale property, situated on a 0.34-acre lot, spans 4,498 square feet and showcases the ongoing surge in Palm Beach home prices.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $15,500,000
- Market: Palm Beach
- Address: 309 Chapel Hill Road
- Size: 4,498 square feet
The buyer of the property is Chapel Hill Road Revocable Trust, represented by Ryan Wilson. The seller is Robert Dettmer himself. Christian Angle from Christian Angle Real Estate served as the buyer's representative, and Linda Olsson from Linda R. Olsson Inc. represented the seller. The transaction price per square foot is $3,446.
Players
Market 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93