Dr. Herbert Wertheim Acquires Single Family Home In Lantana For $65 Million With Seller's Rep Phillip Friis & Candace Friis
1160 South Ocean Boulevard
$65,000,000
$2,342/SF
Building Size
27,745 SF
Asset Type
Single Family Residence
Closing
Dec 14, 2025
AI
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
Lantana 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93