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$45,000,000

Beds
6
Baths
8.5
sq ft
19,206

176 Spyglass Ln, Jupiter, FL 33477

176 Spyglass Ln

Jupiter, FL 33477

  • 180 days on market
    • Price drop $4,000,000↓
Ultimate Trophy Property in Admirals Cove. Nestled within the exclusive Admirals Cove community, the home originally completed in 2016 has just undergone a $12 million+ total remodel and addition, completed in 2023. This magnificent trophy property offers unparalleled luxury and coastal living. This amazing estate can never be built again in Jupiter due to its size. Priced $9 million below 2024 appraised value and $40 million below replacement cost, which today would be in excess of $85 million. This offering provides a truly unique opportunity that literally can't be recreated today at any cost. This property spans nearly 1.5 acres of prime, protected waterfront with 365 feet of Intracoastal waterfrontage and can accommodate a Mega Yacht, with views of the Waterway and beyond.

Details

Property type

Single Family Residence

Est. home value

$31,572,039

Lot size

1.47 acres

Price per sq ft

$2,344

Year built

2016

Annual property taxes

$380,508

Monthly HOA fee

$949

Price History

11/05/2024
SEF

SEF #A11613084

Price change
$45,000,000
-8.16%
06/25/2024
SEF

SEF #A11613084

Listed
$49,000,000
+104.17%
06/21/2021
SEF

SEF #A10984085

Sold
$24,000,000

Schools & Community

Neighborhood: 

Admirals Cove

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Golf, Tennis Court(s), Fitness Center

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$26,621,794
Asking price
$45,000,000
Closing costs (~8% of asking)
-$3,600,000
Est. remaining loan balance
-$14,778,206
Cash to seller
$26,621,794

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

June 2021

Original loan amount

$16,000,000

Est. remaining balance

$14,778,206

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

George Mcmahon and Sarah Ann Mcmahon

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 2:35 PM

Listing updated: 12/10/2024 at 10:45 AM

Listed by: Robert Thomson, Waterfront Properties & Club C Phone #: (561) 746-7272

MLS: SEF #A11613084

SEF logo

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