Tracy Tutor & Breah Brown Achieve Record-Breaking Sale In Southlake, Texas
1469 Sunshine Ln Southlake, TX 76092, USA
Building Size
31,000 SF
Asset Type
Single Family Residence
Closing
Jun 1, 2023
AI
A Mediterranean-style mansion located at 1469 Sunshine Lane in Southlake, Texas has recently achieved a "record-breaking" sale. The property, boasting unique amenities like indoor trampolines and a bowling alley, garnered significant attention and went viral. After undergoing several price reductions, the mansion was successfully sold for $17.9 million, marking a significant milestone in the Southlake real estate market.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $17.9 million
- Square Footage: 31,000
- Land Size: 3.6 acres
- Address: 1469 Sunshine Lane, Southlake, Texas
- Market: Southlake
The sale of this Mediterranean-style mansion was facilitated by Tracy Tutor and Breah Brown of Douglas Elliman, further solidifying their reputation as skilled brokers in the Southlake area. The property's unique and luxurious features, such as the indoor trampolines and bowling alley, likely played a significant role in its appeal and ultimate success in the market. Tracy Tutor and Breah Brown's expertise and negotiation skills were pivotal in securing this "record-breaking" sale, resulting in a highly successful deal for all parties involved.
Players
Southlake Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93