A 1.1-acre oceanfront lot located at 939 South Ocean Boulevard in Delray Beach was sold for $22 million. The property was previously owned by billionaire biotech investor Wayne Rothbaum, who had acquired it for $10 million in 2014. Rothbaum initially listed the property for $30 million before withdrawing it from the market in 2022.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $22,000,000
• Seller: Wayne Rothbaum
• Seller's Agency: Quogue Capital
• Lender: City National Bank of Florida
• Financing Amount: $14,300,000
• Buyer: Florida LLC managed by attorney Larry Rothenberg
• Sale Date: 05/05/2025

Wayne Rothbaum's involvement in the transaction marked a significant shift as he transitioned from listing the property to selling it off-market. The buyer, managed by Larry Rothenberg, utilized financing from City National Bank of Florida to secure the deal.