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1800 South Ocean Boulevard,...

ADE 925 LLC Acquires SFR In Manalapan, Palm Beach For $14M
SOLDSingle Family Residence

ADE 925 LLC Acquires SFR In Manalapan, Palm Beach For $14M

1800 South Ocean Boulevard, Manalapan, Palm Beach County, FL, USA

$14,000,000

$2,215/SF

Building Size

6,320 SF

Asset Type

Single Family Residence

Closing

May 18, 2020

AI

Located at 1800 S. Ocean Boulevard in Manalapan, Palm Beach, this single-family residence (SFR) was recently sold for a staggering price of $14,000,000. The property spans 6,320 square feet, resulting in a price per square foot of $2,215. The sale took place on May 18, 2021. The buyer of the property is ADE 925 LLC.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $14,000,000
  • Square Footage: 6,320
  • Price per Square Foot: $2,215
  • Date of Sale: May 18, 2021
  • Buyer: ADE 925 LLC

The sale of this luxury property was facilitated by Shelly Newman from William Raveis South Florida. Acting as the buyer's representative, Shelly Newman played a crucial role in ensuring a successful transaction.

Players

Shelly Newman

The Corcoran Group

Broker

$257.8M

vol

10 deals

Broker
William Raveis Real Estate
William Raveis Real EstateBrokerage

Ocean Ridge 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93