Under-Construction Palm Beach Home In South Ocean Boulevard Placed Under Contract For $43.5M By Lynda & Anthony Lomangino
1742 S Ocean Blvd Palm Beach, Fl 33480, Usa
$43,500,000
$4,540/SF
Building Size
9,580 SF
Asset Type
Single Family Residence
Closing
Aug 24, 2023
AI
An under-construction Palm Beach home at 1742 S. Ocean Blvd., with a $43.5 million price tag, has been placed under contract. The West Indies-style house, developed by Anthony Lomangino's company, boasts six bedrooms and 9,580 sq ft of living space.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $43,500,000
- Address: 1742 South Ocean Boulevard
- Market: Palm Beach
The under-construction Palm Beach home at 1742 South Ocean Boulevard has been placed under contract. Developed by Anthony Lomangino's company, the West Indies-style house offers six bedrooms and has 9,580 sq ft of living space. The property is located in the Palm Beach market.
Oceanside 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93