Douglas Elliman Represents Buyer In $2.2M Highland Beach Condo Sale
3720 South Ocean Boulevard, Highland Beach, FL, USA
$2,275,000
$831/SF
Building Size
2,736 SF
Asset Type
—
Closing
Apr 6, 2021
About this deal
AI
A condominium located at 3720 S Ocean Blvd in Highland Beach has been sold. The property, spanning 2,736 square feet, was sold for a sale price of $2,275,000. The transaction took place on April 7, 2021. The condo features a price per square foot of $832.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,275,000
- Address: 3720 S Ocean Blvd, Highland Beach
- Square Footage: 2,736
- Asking Price: $2,475,000
- Price per Square Foot: $832
This transaction was facilitated by Michelle Lai, a representative from Douglas Elliman, who represented the buyer. The seller was represented by Jonathan Postma of Coldwell Banker.
Players
Highland Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.97%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93