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494 S Beach Rd, Hobe Sound,...

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

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

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

$9,800,000

$1,037/SF

Building Size

9,449 SF

Asset Type

Single Family Residence

Closing

Jul 30, 2020

AI

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

Adrian Reed

Broker

$21.8M

vol

2 deals

Broker

Hobe Sound 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

1.62%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93