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
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