Updated Dec 4, 2024
Lake Geneva Mansion Sold For $12.7M, 8% Below Asking Price On South Lake Shore Drive
906 South Lake Shore Drive
$12,700,000
$1,058/SF
Building Size
12,000 SF
Asset Type
Single Family
Closing
Feb 1, 2024
About this deal
AI
A Single Family home located at 906 South Lake Shore Drive in Lake Geneva, WI, was recently sold for $12,700,000. The property spans 12,000 square feet, resulting in a price per square foot of $1,058. The transaction was facilitated by David Curry from Geneva Lakefront Realty.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,700,000
- Address: 906 South Lake Shore Drive
- Market: Lake Geneva, WI
- Broker: David Curry - Geneva Lakefront Realty
The Lake Geneva mansion was sold for $12.7 million, which was 8% below its initial asking price of nearly $14 million, showcasing the negotiation skills involved in the deal.
Lake Geneva Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $1.1K per square foot on a published $12.7M for 12,000 square feet (2024).
Visit David Curry to view all their deals.
Browse Lake Geneva single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93