Douglas Elliman Brokers Sell Manalapan SFR On S Ocean Blvd For $90M Involving Sellers Victoria & Paul Saunders
1020 S Ocean Boulevard, Manalapan, FL 33462
$90,000,000
$5,598/SF
Building Size
16,077 SF
Asset Type
Single Family Residence
Closing
Dec 16, 2021
AI
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
Ocean Ridge Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93