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Fenton & Lang Brokers Sell Hobe Sound SFR For $9.8M On South Beach

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SOLD
$9,800,000

New York

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Single Family Residence9,449 SF
Sold 07/31/2020
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Property Image
SOLD

Fenton & Lang Brokers Sell Hobe Sound SFR For $9.8M On South Beach

494 S Beach Rd, Hobe Sound, Fl 33455, Usa

See Similar Deals
Single Family Residence9,449 SF
Sold 07/31/2020
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,037
Total Square Footage:9,449 SF
Transaction Type:Sale

The SFR located at 494 South Beach in Hobe Sound has been sold for $9,800,000. The property spans 9,449 square feet, resulting in a price per square foot of $1,037.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $9,800,000
  • Square Footage: 9,449
  • Price per Square Foot: $1,037
  • Market: Hobe Sound

The sale of this SFR property at 494 South Beach was facilitated by Joanne Wagner & Adrian Reed of Fenton & Lang.

Players

2 deals$21.8M volume(040) 944-6955
BROKER

Joanne Wagner
2 deals$27.3M volume
BROKER

Details

SOLD
IMAGE: IMAGE: Joanne Wagner & Adrian Reed⁠ DATE: 07/31/2020⁠ ADDRESS: 494 South Beach⁠ MARKET: Hobe Sound⁠ ASSET TYPE: SFR⁠ BROKERS: Joanne Wagner & Adrian Reed – Fenton & Lang⁠ PRICE: $9,800,000⁠ SF: 9,449⁠ PPSF: $1,037

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

$522,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,817.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,457.00
Annual Debt Service$557,484.00