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
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