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1160 South Ocean Boulevard

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

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

Candace Friis

The Corcoran Group

Broker

$343.3M

vol

14 deals

Broker
The Corcoran Group
The Corcoran GroupBrokerage

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