Updated Oct 29, 2024
Bayhigh LLC Acquires 13,227 SF SFR In Palm Beach For $48.5M
172 Ocean Boulevard, Golden Beach,
$48,500,000
$3,666/SF
Building Size
13,227 SF
Asset Type
Single Family Residence
Closing
Mar 15, 2021
About this deal
AI
Located at 172 South Ocean Boulevard in Palm Beach, this single-family residence (SFR) was recently sold in a closed transaction. The property spans 13,227 square feet and was purchased by Bayhigh LLC for a total price of $48,500,000. This translates to a price per square foot of $3,667.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $48,500,000
- Date: 03/16/2021
- Address: 172 South Ocean Boulevard
- Market: Palm Beach
The buyer's representative in this transaction was Christian Angle from Christian Angle Real Estate, while the seller's representative was Gary Pohrer from Douglas Elliman. The seller, Linda D’Addario, Amory Ross, and E. Burke Ross Jr., were represented by ADEC Private Equity.
Players
Golden Beach 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93