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19000 Point Drive

Christine Phipps Acquires Tequesta Single Family For $11.16M
SOLDSingle Family Residence

Christine Phipps Acquires Tequesta Single Family For $11.16M

19000 Point Drive

$5,000,000

$71/SF

Building Size

70,000 SF

Asset Type

Single Family Residence

Closing

Aug 19, 2020

AI

The property involved in this transaction is a single-family home located at 19000 Point Drive in Tequesta. The property sits on 1.48 acres of land. The sale took place on November 9, 2022. The property spans 7,334 square feet and sold for a total of $11,160,000, equating to a price per square foot of $1,522.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $11,160,000
  • Address: 19000 Point Drive
  • Market: Tequesta
  • Acres: 1.48

Christine Phipps was the buyer in this transaction, while John & Margaret Irene Maxwell were the sellers. The brokers involved in the deal were Andrew & Milla Russo from Illustrated Properties.

Players

Rita Dickinson

The Keyes Company

Broker

$5M

vol

1 deal

Broker

Jupiter 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93