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Douglas Elliman Brokers Sell Manalapan SFR On S Ocean Blvd For $90M Involving Sellers Victoria & Paul Saunders

Property Image
SOLD
$90,000,000
Christopher (Chris) Leavitt
Ashley McIntosh
+ 2

Florida

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Single Family Residence16,077 SF
Sold 12/17/2021
the dealplayerscompscontact
Property Image
SOLD

Douglas Elliman Brokers Sell Manalapan SFR On S Ocean Blvd For $90M Involving Sellers Victoria & Paul Saunders

1020 S Ocean Boulevard, Manalapan, FL 33462

See Similar Deals
Single Family Residence16,077 SF
Sold 12/17/2021
Christopher (Chris) Leavitt
Ashley McIntosh
+ 2
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$5,598
Total Square Footage:16,077 SF
Transaction Type:Sale

Located in Manalapan, 1020 S Ocean Blvd is a single-family residence sitting on a spacious 2.2-acre lot. This property, with its stunning ocean views, was recently sold in a closed transaction for a record-breaking sale price of $90,000,000. The property spans over 16,077 square feet, boasting a price per square foot of $5,598, making it an exceptional investment opportunity.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $90,000,000
  • Address: 1020 S Ocean Blvd, Manalapan
  • Market: Manalapan
  • Asset Type: SFR
  • Lot Size: 2.2 acres

The sellers of this magnificent property were Victoria Saunders and Paul Saunders, who are affiliated with James River Capital Corp. Representing the sellers in this transaction were Chris Leavitt, Ashley McIntosh, and Senada Adzem from Douglas Elliman. Their expertise and experience in the real estate market contributed to the successful sale of this exceptional property.

Players

Ashley McIntosh
24 deals$570.8M volume(561) 685-0861
BROKER

Christopher (Chris) Leavitt
Douglas Elliman
51 deals$1.3B volume(917) 664-0720
BROKER

Senada Adzem
Douglas Elliman
28 deals$657.6M volume
BROKER

Victoria Saunders
4 deals$221.8M volume
SELLER

Paul H. Saunders
4 deals$221.8M volume
SELLER

Details

SOLD
IMAGE: Chris Leavitt, Ashley McIntosh, Paul Saunders & Senada Adzem DATE: 12/2021 ADDRESS: 1020 S Ocean Blvd MARKET: Manalapan ASSET TYPE: SFR ~ ACRES: 2.2 SELLER: Victoria Saunders & Paul Saunders - James River Capital Corp. BROKERS: Chris Leavitt (@TheChrisLeavitt), Ashley McIntosh (@AshleySellsPalmBeach) & Senada Adzem - Douglas Elliman SALE PRICE: $90,000,000 SF: 16,077 ~ PPSF: $5,598 🔥 👀

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,800,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$319,750.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$426,645.92
Annual Debt Service$5,119,750.99