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287 Ocean Boulevard, Golden...

Phillip Ragon Of InterSystems Acquires 287, 291 & 299 Ocean Blvd, Golden Beach For $90M
SOLDSingle Family Residence

Phillip Ragon Of InterSystems Acquires 287, 291 & 299 Ocean Blvd, Golden Beach For $90M

287 Ocean Boulevard, Golden Beach, Florida 33160, United States

$90,000,000

$5,721/SF

Building Size

15,731 SF

Asset Type

Single Family Residence

Closing

Jun 7, 2022

AI

Three parcels of land located at 287, 291, and 299 Ocean Boulevard in Golden Beach have been sold in a recent transaction. The total size of the property is approximately 1.7 acres, making it an attractive investment opportunity in the area.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $90,000,000 (Approx.)
  • Property Size: 1.7 acres
  • Square Footage: 15,731
  • Price per Square Foot: $5,721
  • Market: Golden Beach

The buyer of these properties is Phillip Ragon, representing InterSystems. The seller is comprised of multiple parties including B. Mitchell and Lori Grabois, Silverlane Realty LLC, and Bruce Weber and Nan Bush. The buyer's representatives in this transaction are Eloy Carmenate and Mick Duchon from Corcoran, while the seller is represented by Danny Hertzberg and Jonathan Mann from The Jills Zeder Group - Coldwell Banker, and Pablo Alfaro from Douglas Elliman.

Players

Eloy Carmenate

The Corcoran Group

Broker

$584.2M

vol

32 deals

Broker
I
InterSystemsBuyer

Nan Bush

Seller

$113.8M

vol

2 deals

Seller

Golden 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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93