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Lake Geneva Mansion Sold For $12.7M, 8% Below Asking Price On South Lake Shore Drive
SOLD
$12,700,000
Wisconsin
See Similar DealsSingle Family12,000 SF
Sold
SOLD
Lake Geneva Mansion Sold For $12.7M, 8% Below Asking Price On South Lake Shore Drive
906 South Lake Shore Drive
See Similar DealsSingle Family12,000 SF
Sold
Summary
WISCONSIN
Asset Type:Single Family
Price Per Square Foot:$1058
Total Square Footage:12000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$677,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,120.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,204.48
Annual Debt Service$722,453.75
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