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

Property Image
SOLD
$28,600,000
Todd Peter
Cristina Condon
EN
+ 1

New York

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Single Family Residence230,000 SF
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Property Image
SOLD

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

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

See Similar Deals
Single Family Residence230,000 SF
Sold
Todd Peter
Cristina Condon
EN
+ 1
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$124
Total Square Footage:230000 SF
Transaction Type:Sale

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
Cristina Condon
3 deals$63.6M volume
BROKER
Todd Peter
Sotheby's International Realty
Todd Peter
11 deals$262M volume
BROKER
EN
Elin Nordegren
2 deals$38.5M volume
BROKER
RW
Russell Weiner
7 deals$194.7M volume
BUYER
RW
Russell Weiner
7 deals$194.7M volume
BUYER

Details

SOLD
IMAGE: Russell Weiner, Elin Nordegren, Tiger Woods, Cristina Condon, & Todd Peter⁠ DATE: 09/11/2020⁠ ADDRESS: 12520 Seminole Beach Road⁠ MARKET: North Palm Beach⁠ ASSET TYPE: SFR⁠ PRICE: $28,600,000⁠ SF: 23,000 / PPSF: $1,243⁠ BUYER: Russell Weiner⁠ SELLER: Elin Nordegren⁠ BROKERS: Cristina Condon & Todd Peter – Sotheby’s International Realty⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,525,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$101,609.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$135,578.59
Annual Debt Service$1,626,943.09