Linnette Miller And Rob Miller Acquire Single-Family Property In Jupiter For $10.7M
SOLD
$10,700,000
National
See Similar DealsSingle Family8,191 SF
Sold 06/10/2021
SOLD
Linnette Miller And Rob Miller Acquire Single-Family Property In Jupiter For $10.7M
Jupiter, FL, USA
See Similar DealsSingle Family8,191 SF
Sold 06/10/2021
Summary
Asset Type:Single Family
Price Per Square Foot:$1,306
Total Square Footage:8,191 SF
Transaction Type:Sale
A single-family property located at 150 Bears Club Drive in Jupiter has been sold for $10,700,000. The transaction took place on June 10, 2021. The property spans 8,191 square feet with a price per square foot of $1,306. Situated on 1.25 acres, the property was sold at a price per acre of $8,560,000.
Summary of Transaction Details
- Property Type: Single-Family
- Transaction Amount: $10,700,000
Linnette Miller and Rob Miller, representing Jupiter Pointe Club & Marina, purchased the property. Vince Marotta from Illustrated Properties acted as the buyer's representative in the deal. The seller, 150 Bears Club Drive LLC, was represented by Mark Griffin from Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$570,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51
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