Updated Oct 28, 2024
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
About this deal
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.
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Delray Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $4.1K per square foot on a published $29M for 7,016 square feet (2022).
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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