Updated Oct 28, 2024
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
About this deal
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
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