460 South Ocean Boulevard Townhouse In Palm Beach Sold For $27.75M With Buyer's Rep Christian Angle And Seller's Rep Suzanne Frisbie
460 South Ocean Boulevard, Palm Beach, Florida 33480, United States
$27,750,000
$3,152/SF
Building Size
8,804 SF
Asset Type
Other
Closing
Apr 19, 2022
About this deal
AI
The townhouse located at 460 S. Ocean Blvd in Palm Beach has been sold for $27,750,000. The property, spanning 8,804 square feet, was purchased by the 460 South Ocean Boulevard Revocable Trust. The buyer was represented by Christian Angle of Christian Angle Real Estate, while the seller, Frisbie Group, was represented by Suzanne Frisbie of Corcoran Group. The transaction took place on April 20, 2022.
Summary of transaction details:
- Property Type: Townhouse
- Sale Price: $27,750,000
- Square Footage: 8,804
- Address: 460 S. Ocean Blvd, Palm Beach
- Buyer: 460 South Ocean Boulevard Revocable Trust
- Seller: Frisbie Group
- Buyer's Representative: Christian Angle - Christian Angle Real Estate
- Seller's Representative: Suzanne Frisbie - Corcoran Group
Christian Angle of Christian Angle Real Estate and Suzanne Frisbie of Corcoran Group played key roles in facilitating this transaction, representing the buyer and seller respectively. Their expertise and guidance contributed to the successful completion of the deal.
Players
Palm Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93