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12520 Seminole Beach Rd, No...

Russell Weiner Acquires SFR In North Palm Beach For $28.6M
SOLDSingle Family Residence

Russell Weiner Acquires SFR In North Palm Beach For $28.6M

12520 Seminole Beach Rd, North Palm Beach, Fl 33408, Usa

$28,600,000

$124/SF

Building Size

230,000 SF

Asset Type

Single Family Residence

Closing

Sep 10, 2020

AI

Located at 12520 Seminole Beach Road in North Palm Beach, this Single-Family Residence spans across 23,000 square feet. The property was sold for $28,600,000, with a price per square foot of $1,243. The transaction took place on 09/11/2020.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $28,600,000
  • Square Footage: 23,000
  • Price Per Square Foot: $1,243
  • Address: 12520 Seminole Beach Road
  • Market: North Palm Beach

Russell Weiner purchased the property from Elin Nordegren in this transaction. The deal was facilitated by Cristina Condon & Todd Peter from Sotheby's International Realty.

Players

Cristina Condon

Sotheby's International Realty

Broker

$63.6M

vol

3 deals

Broker

Russell Weiner

Buyer

$214.2M

vol

8 deals

Buyer

North Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93