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3060 S Ocean Blvd, Manalapa...

Douglas Elliman Acquires Manalapan SFR For $16.5M With Buyer's Rep Vincent Vince Spadea
SOLDSingle Family Residence

Douglas Elliman Acquires Manalapan SFR For $16.5M With Buyer's Rep Vincent Vince Spadea

3060 S Ocean Blvd, Manalapan, FL 33462

$16,500,000

$5,012/SF

Building Size

3,292 SF

Asset Type

Single Family Residence

Closing

Jul 11, 2023

AI

A single-family residence located at 3060 S Ocean Blvd in Manalapan has been sold for $16,500,000. The property spans 3,292 square feet, resulting in a price per square foot of $5,012. The transaction took place on July 11, 2023.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $16,500,000
  • Address: 3060 S Ocean Blvd
  • Market: Manalapan

Vincent "Vince" Spadea of Douglas Elliman represented the buyer in this transaction. As the buyer's representative, Spadea played a crucial role in negotiating and closing the deal. The involvement of a seasoned real estate professional like Spadea highlights the importance of expert guidance in high-value transactions.

Players

Vincent Spadea

Douglas Elliman

Broker

$131.1M

vol

10 deals

Broker

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93