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1330 South Ocean LLC Acquires SFR In Palm Beach For $40.7M

Property Image
SOLD
$40,668,000
Linda Gary
LM

Florida

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Single Family Residence14,704 SF
Sold 01/22/2021
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Property Image
SOLD

1330 South Ocean LLC Acquires SFR In Palm Beach For $40.7M

1330 S Ocean Blvd, Palm Beach, FL, USA

See Similar Deals
Single Family Residence14,704 SF
Sold 01/22/2021
Linda Gary
LM
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,765
Total Square Footage:14,704 SF
Transaction Type:Sale

A single-family residence located at 1330 S. Ocean Blvd in Palm Beach has been sold for a total of $40,668,000. The property, with a size of 14,704 square feet, was purchased by 1330 South Ocean LLC. It was sold by Isabelle & Gerald Herz. The transaction took place on January 22, 2021. The sale price per square foot was $2,766.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $40,668,000
  • Address: 1330 S. Ocean Blvd
  • Market: Palm Beach

Linda Gary, from Linda A. Gary Real Estate, represented the seller, Isabelle & Gerald Herz, in the deal. Lawrence Moens, from Lawrence A. Moens Associates, acted as the buyer's representative for 1330 South Ocean LLC.

Players

LM
Lawrence Moens
64 deals$2.4B volume(561) 655-5510
BROKER
Linda Gary
Linda Gary
3 deals$65.3M volume
BROKER

Details

SOLD
IMAGE: Linda Gary DATE: 01/22/2021 ADDRESS: 1330 S. Ocean Blvd MARKET: Palm Beach ASSET TYPE: SFR BUYER: 1330 South Ocean LLC SELLER: Isabelle & Gerald Herz BUYER'S REP: Lawrence Moens - Lawrence A. Moens Associates SELLER'S REP: Linda Gary - Linda A. Gary Real Estate PRICE: $40,668,000 SF: 14,704 ~ PPSF: $2,766

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$144,484.82
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