Jonathan Postma Of Coldwell Banker Represents Record Sale Of Delray Beach Single Family For $51.12M
SOLD
$51,124,175
Florida
See Similar DealsSingle Family Residence31,000 SF
Sold 07/18/2025
SOLD
Jonathan Postma Of Coldwell Banker Represents Record Sale Of Delray Beach Single Family For $51.12M
2325 South Ocean Boulevard
See Similar DealsSingle Family Residence31,000 SF
Sold 07/18/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,649
Total Square Footage:31,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a single-family home located at 2325 South Ocean Boulevard in Delray Beach. It was sold for $51,124,175, encompassing a total area of 23,136 square feet, resulting in a price per square foot of $2,210.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $51,124,175
- Square Footage: 23,136
- Price per Square Foot: $2,210
- Market: Delray Beach
- Broker: Jonathan Postma - Coldwell Banker
This transaction marks a record-breaking sale as the highest sale to date on Delray Beach, showcasing the notable achievements in the local real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,726,622.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$181,633.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$242,354.67
Annual Debt Service$2,908,256.06
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