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1469 Sunshine Ln Southlake,...

Tracy Tutor & Breah Brown Achieve Record-Breaking Sale In Southlake, Texas
SOLDSingle Family Residence

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

Tracy Tutor

Douglas Elliman

Broker

$154.5M

vol

8 deals

Broker

Southlake 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93