Updated Oct 28, 2024
Casey Flannery Acquires Single Family Home In Manalapan For $28M
1160 South Ocean Boulevard, Manalapan, FL, USA
$28,000,000
$1,394/SF
Building Size
20,075 SF
Asset Type
Single Family Residence
Closing
Jun 1, 2020
About this deal
AI
A single-family property located at 1160 South Ocean Boulevard in Manalapan was recently sold for $28,000,000. The property spans across 1.7 acres and offers a total of 20,075 square feet of living space. The sale price translates to a price per square foot of $1,395, while the price per acre is approximately $16,470,588.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $28,000,000
- Market: Manalapan
- Address: 1160 South Ocean Boulevard
The seller of the property was Michael Cantor of Cantor Companies, while the buyer was represented by Casey Flannery from Equestrian Sotheby’s International Realty. Holly Meyer Lucas from Compass, as well as Sara Eavenson and Missy McCloskey from Douglas Elliman, acted as the seller's representatives in the deal.
Players
Ocean Ridge Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $1.4K per square foot on a published $28M for 20,075 square feet (2020).
Visit Holly Meyer Lucas to view all their deals.
Browse Ocean Ridge single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93