Updated Dec 19, 2023
Bruce Leeds Sells SFR On Highland Beach To Coldwell Banker's Jonathan Postma For $45M
2455 South Ocean Boulevard
$45,000,000
$1,904/SF
Building Size
23,625 SF
Asset Type
Single Family Residence
Closing
Mar 31, 2022
About this deal
AI
The property involved in this closed transaction is a single-family residence located at 2455 S Ocean Blvd in Highland Beach. The property spans 23,625 square feet and was sold for a total price of $45,000,000, resulting in a price per square foot of $1,905.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $45,000,000
- Date: 04/01/2022
- Address: 2455 S Ocean Blvd
- Market: Highland Beach
- Seller: Bruce Leeds
- Buyer's Representative: Jonathan Postma - Coldwell Banker
Jonathan Postma from Coldwell Banker represented the buyer in this transaction.
Players
Highland Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $45M for 23,625 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93