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

Property Image
SOLD
$29,000,000
Geoff Braboy
Antonio Ligouri

Florida

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Single Family Residence7,016 SF
Sold 09/06/2022
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Property Image
SOLD

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

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

See Similar Deals
Single Family Residence7,016 SF
Sold 09/06/2022
Geoff Braboy
Antonio Ligouri
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,133
Total Square Footage:7,016 SF
Transaction Type:Sale

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
Geoff Braboy
1 deal$29M volume
BROKER
Antonio Ligouri
Premier Estate Properties
Antonio Ligouri
2 deals$41.7M volume
BROKER

Details

SOLD
IMAGE: Geoff Braboy & Michael Rashes DATE: 09/06/2022 ADDRESS: 2817 North Ocean Boulevard MARKET: Gulf Stream ASSET TYPE: Single Family ~ ACRES: 1.26 BUYER: Brian O’Neill SELLER: Dena Rashes; Michael Rashes - Bracebridge Capital BUYER'S REP: Geoff Braboy (@BraboyDelray) - Lang Realty (@LangRealty) SELLER'S REP: Pascal Ligouri (@PascalLiguoriEstateGroup) & Antonio Ligouri - Premier Estate Properties (@PremiereStateProperties) SALE PRICE: $29,000,000 SF: 7,016 ~ PPSF: $4,133

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$103,030.87
Cash-on-Cash Return-1.27%
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