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Dr. Herbert Wertheim Acquires Single Family Home In Lantana For $65 Million With Seller's Rep Phillip Friis & Candace Friis

Property Image
SOLD
$65,000,000
Phillip Friis
Candace Friis

Florida

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Single Family Residence27,745 SF
Sold 12/15/2025
the dealplayerscompscontact
Property Image
SOLD

Dr. Herbert Wertheim Acquires Single Family Home In Lantana For $65 Million With Seller's Rep Phillip Friis & Candace Friis

1160 South Ocean Boulevard

See Similar Deals
Single Family Residence27,745 SF
Sold 12/15/2025
Phillip Friis
Candace Friis
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,342
Total Square Footage:27,745 SF
Transaction Type:Sale

The property involved in this transaction is a single-family home located at 1160 South Ocean Boulevard, Lantana. The sale price for this asset was $65,000,000, with a total square footage of 27,745 and a price per square foot of $2,342.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $65,000,000
  • Address: 1160 South Ocean Boulevard
  • Market: Lantana
  • Square Footage: 27,745
  • Price Per Square Foot: $2,342
  • Buyer: Dr. Herbert Wertheim
  • Seller's Representative: Phillip Friis & Candace Friis - The Corcoran Group

Dr. Herbert Wertheim was the buyer for this transaction, while the seller was represented by Phillip Friis and Candace Friis from The Corcoran Group, highlighting a notable collaboration within the real estate industry.

Players

Candace Friis
The Corcoran Group
Candace Friis
14 deals$343.3M volume
BROKER
Phillip Friis
The Corcoran Group
Phillip Friis
7 deals$224.4M volume
BROKER
The Corcoran Group
The Corcoran Group
BROKERAGE

Details

SOLD
IMAGE: Phillip Friis & Candace Friis DATE: 12/15/2025 ADDRESS: 1160 South Ocean Boulevard MARKET: Lantana ASSET TYPE: Single Family BUYER: Dr. Herbert Wertheim SELLER'S REP: Phillip Friis (@PhilFriisrealestate) & Candace Friis (@CandaceFriis) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $65,000,000 SF: 27,745 ~ PPSF: $2,342

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$230,931.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$308,133.16
Annual Debt Service$3,697,597.94