Updated Oct 29, 2024
Joshua Memling Golder Acquires Highland Beach Single Family For $17M
4101 South Ocean Boulevard, Highland Beach, FL, USA
$17,000,000
$2,125/SF
Building Size
8,000 SF
Asset Type
Single Family Residence
Closing
Mar 9, 2021
About this deal
AI
A single-family home located at 4101 S Ocean Boulevard in Highland Beach has been sold for $17,000,000. The property, with a size of 8,000 square feet, was listed with an asking price of $17,500,000. It was bought by Joshua Memling Golder, while the selling representative was Brandon & Jolee Pellegrino. The brokers involved in the deal were Devin Kay of @devin__kay and Nicholas Malinosky. The property is situated in a desirable location in Highland Beach.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $17,000,000
- Address: 4101 S Ocean Boulevard
- Market: Highland Beach
Devin Kay and Nicholas Malinosky served as brokers in the transaction, representing the buyer and seller, respectively. The deal was successfully concluded on March 10, 2021. The property offers spacious living with its 8,000 square feet of space. It is situated in the desirable Highland Beach market, making it an attractive investment opportunity for the buyer, Joshua Memling Golder.
Highland Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $17M for 8,000 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93