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Jon Bon Jovi & Dorothea Hurley Sell Palm Beach SFR For $22.9M

Property Image
SOLD
$22,900,000
Christopher (Chris) Leavitt
Christian Angle
+ 2

Florida

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Single Family Residence5,024 SF
Sold 07/17/2020
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Property Image
SOLD

Jon Bon Jovi & Dorothea Hurley Sell Palm Beach SFR For $22.9M

230 N Ocean Blvd, Palm Beach, FL 33480, USA

See Similar Deals
Single Family Residence5,024 SF
Sold 07/17/2020
Christopher (Chris) Leavitt
Christian Angle
+ 2
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,558
Total Square Footage:5,024 SF
Transaction Type:Sale

Jon Bon Jovi and Dorothea Hurley have sold their single-family residence located at 230 North Ocean Boulevard in Palm Beach. The property was sold for a price of $22,900,000 and spans a total area of 5,024 square feet. With a price per square foot of $4,558, this transaction represents a significant deal in the Palm Beach market.

Summary of transaction details:

  • Property Type: Single-Family Residence
  • Transaction Amount: $22,900,000
  • Address: 230 North Ocean Boulevard
  • Market: Palm Beach
  • Square Footage: 5,024
  • Price per Square Foot: $4,558

Christian Angle of Christian Angle Real Estate, along with Chris Leavitt, Kim Spears, and Ashley McIntosh, served as the brokers in this transaction. Their expertise in the Palm Beach market likely played a crucial role in facilitating this deal. The involvement of these key individuals highlights their importance in the successful completion of the sale.

Players

Ashley McIntosh
24 deals$570.8M volume(561) 685-0861
BROKER

Christian Angle
Christian Angle Real Estate
98 deals$2.7B volume(561) 659-6551
BROKER

Kim Spears
Douglas Elliman
2 deals$29.3M volume
BROKER

Christopher (Chris) Leavitt
Douglas Elliman
51 deals$1.3B volume(917) 664-0720
BROKER

Details

SOLD
IMAGE: IMAGE: Jon Bon Jovi, Christian Angle, Chris Leavitt, Kim Spears & Ashley McIntosh DATE: 07/17/2020 ADDRESS: 230 North Ocean Boulevard MARKET: Palm Beach ASSET TYPE: SFR SELLER: Jon Bon Jovi & Dorothea Hurley BROKERS: Christian Angle – Christian Angle Real Estate; Chris Leavitt, Kim Spears & Ashley McIntosh […] PRICE: $22,900,000 SF: 5,024 PPSF: $4,558

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,221,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$81,358.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$108,557.68
Annual Debt Service$1,302,692.20