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230 N Ocean Blvd, Palm Beac...

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

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

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

$22,900,000

$4,558/SF

Building Size

5,024 SF

Asset Type

Single Family Residence

Closing

Jul 16, 2020

AI

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

Douglas Elliman

Broker

$570.8M

vol

24 deals

Broker

Jon Bon Jovi

Seller

$44.9M

vol

2 deals

Seller

Palm Beach 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

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93