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2817 North Ocean Boulevard,...

Brian O'Neill Acquires Gulf Stream Single Family For $29M
SOLDSingle Family Residence

Brian O'Neill Acquires Gulf Stream Single Family For $29M

2817 North Ocean Boulevard, Gulf Stream, Florida 33483, United States

$29,000,000

$4,133/SF

Building Size

7,016 SF

Asset Type

Single Family Residence

Closing

Sep 5, 2022

AI

Located in Gulf Stream, the property at 2817 North Ocean Boulevard has been sold in a closed transaction. This single-family home sits on 1.26 acres and offers a total of 7,016 square feet of living space. Its market value is noteworthy, considering the exclusivity of the area.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $29,000,000
  • Address: 2817 North Ocean Boulevard, Gulf Stream
  • Market: Gulf Stream
  • Size: 1.26 acres

In this sale, the buyer was Brian O’Neill, while the sellers were Dena Rashes and Michael Rashes of Bracebridge Capital. Brian O’Neill was represented by Geoff Braboy from Lang Realty, whereas Dena Rashes and Michael Rashes were represented by Pascal Ligouri and Antonio Ligouri from Premier Estate Properties.

The sale price for this property was $29,000,000, resulting in a price per square foot of $4,133. This impressive transaction highlights the value of this luxurious single-family home in Gulf Stream.

Players

Geoff Braboy

Lang Realty

Broker

$29M

vol

1 deal

Broker

Delray 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

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93