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Robert Dettmer Sells Palm Beach Mansion For $15.5M, Represented By Linda Olsson & Christian Angle
SOLD
$15,500,000
Florida
See Similar DealsSingle Family4,498 SF
Sold 11/01/2023
SOLD
Robert Dettmer Sells Palm Beach Mansion For $15.5M, Represented By Linda Olsson & Christian Angle
Single Family4,498 SF
Sold 11/01/2023
Summary
Asset Type:Single Family
Price Per Square Foot:$3,446
Total Square Footage:4,498 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,068.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,477.91
Annual Debt Service$881,734.89
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