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1020 S Ocean Boulevard, Man...

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

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

Ashley McIntosh

Douglas Elliman

Broker

$570.8M

vol

24 deals

Broker
Victoria Saunders

Victoria Saunders

James River Capital

Seller

$221.8M

vol

4 deals

Seller

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