Updated Sep 9, 2024
Melanie Hamrick Sells Lakewood Ranch SFR For $3.25M With Christine Spelman As The Broker
$3,250,000
$567/SF
Building Size
5,726 SF
Asset Type
Single Family Residence
Closing
Sep 5, 2023
About this deal
AI
Melanie Hamrick, former ballerina and partner of Mick Jagger, sold her Florida home in the Lake Club for $3.25 million. The property was purchased in 2020 for $1.98 million, resulting in a notable profit for Hamrick. The 5,726-square-foot single-family residence features four bedrooms, 5 1/2 baths, a saltwater pool, and even a bell tower. The new owners highly value the privacy that was cultivated by Jagger and Hamrick.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,250,000
- Market: Lakewood Ranch
The sale was facilitated by Christine Spelman of an undisclosed agency, serving as Melanie Hamrick's representative. Spelman played a crucial role in ensuring a successful transaction for both parties involved.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $567 per square foot on a published $3.3M for 5,726 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93