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125 Ocean Boulevard, Golden...

Ocean Blvd Single Family Lease In Golden Beach | Tenant Frederika 'Kiki' Rutten | $50K/Month Rent
LEASEDSingle Family Residence

Ocean Blvd Single Family Lease In Golden Beach | Tenant Frederika 'Kiki' Rutten | $50K/Month Rent

125 Ocean Boulevard, Golden Beach, Florida 33160, United States

Building Size

5,373 SF

Asset Type

Single Family Residence

Closing

Aug 25, 2022

AI

Located in the prestigious market of Golden Beach, this single-family home is situated at 125 Ocean Blvd. Offering a spacious living area spanning 5,373 square feet, this property is perfect for those seeking a luxurious beachfront retreat. The lease for this stunning residence was finalized on August 26, 2022, as confirmed by the transaction date.

Summary of transaction details

  • Property Type: Single Family
  • Address: 125 Ocean Blvd
  • Market: Golden Beach

Representing the landlord in this lease transaction is Christian Rodriguez from Homeside Realty Corp. On the other side, the tenant's representation was handled by Frederika ‘Kiki’ Rutten from ONE Sotheby’s International Realty. With their expertise in the real estate market, both parties ensured a smooth negotiation process.

Asking for a monthly rent of $50,000, this single-family home offers an exceptional living experience in an exclusive location. With Frederika ‘Kiki’ Rutten serving as the tenant's representative, the deal was successfully negotiated to meet both parties' satisfaction.

Players

Frederika Rutten

Sotheby's International Realty

Broker

$11.2M

vol

2 deals

Broker

Golden Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93