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1820 S Ocean Blvd, Lantana,...

Peter Brant Acquires $46.75M SFR On Palm Beach's Ocean Blvd From Robert S. Taubman
SOLDSingle Family Residence

Peter Brant Acquires $46.75M SFR On Palm Beach's Ocean Blvd From Robert S. Taubman

1820 S Ocean Blvd, Lantana, FL 33462, USA

$46,750,000

$2,451/SF

Building Size

19,068 SF

Asset Type

Single Family Residence

Closing

May 20, 2020

AI

A single-family residential property located at 1820 S. Ocean Blvd in Palm Beach has been sold in a closed transaction. The property spans across 19,068 square feet and was sold for a price of $46,750,000, resulting in a price per square foot of $2,452.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $46,750,000
  • Square Footage: 19,068
  • Price per Square Foot: $2,452
  • Address: 1820 S. Ocean Blvd
  • Market: Palm Beach

Peter Brant is the buyer of the property, while Robert S. Taubman is the seller. The deal was facilitated by Lawrence Moens from Lawrence A. Moens Associates, who represented the parties involved in the transaction.

Players

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker

Peter Brant

Buyer

$66.7M

vol

2 deals

Buyer

Robert S. Taubman

Taubman Centers

Seller

$3.6B

vol

2 deals

Seller

Lantana 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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93