Dirk Nowitzki Acquires Preston Hollow Single-Family Home For $5.75M
SOLD
$5,750,000
Texas
See Similar DealsSingle Family Residence11,394 SF
Sold 12/12/2019
SOLD
Dirk Nowitzki Acquires Preston Hollow Single-Family Home For $5.75M
Preston Hollow, Dallas, TX, USA
See Similar DealsSingle Family Residence11,394 SF
Sold 12/12/2019
Summary
TEXAS
Asset Type:Single Family Residence
Price Per Square Foot:$504
Total Square Footage:11,394 SF
Transaction Type:Sale
Dirk Nowitzki, former NBA player, recently purchased a single-family home in Preston Hollow, Dallas. The property, located in the prestigious Preston Hollow market, was sold for $5,750,000 on December 12, 2019. Covering a substantial area of 11,394 square feet, the home was acquired at an average price per square foot of $504.65.
Summary of transaction details
- Property Type: Single-family
- Transaction Amount: $5,750,000
- Address: Preston Hollow, Dallas
- Market: Preston Hollow
- Square Footage: 11,394
Allie Beth Allman & Associates, represented by Mark Storer, acted as the broker for Dirk Nowitzki in the purchase of this property in Preston Hollow. Dirk Nowitzki's purchase showcases his investment in a luxurious home in a highly sought-after market.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
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Annual Debt Service$327,095.20
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