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Staci J. Rutman Trust Acquires Golden Beach Single Family For $22.5M

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SOLD
$22,500,000

Florida

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Single Family Residence7,857 SF
Sold 01/18/2022
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Property Image
SOLD

Staci J. Rutman Trust Acquires Golden Beach Single Family For $22.5M

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

See Similar Deals
Single Family Residence7,857 SF
Sold 01/18/2022
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,863
Total Square Footage:7,857 SF
Transaction Type:Sale

The single-family property located at 451 Ocean Blvd in Golden Beach has been sold in a recent transaction. The sale took place on January 18, 2022, with Staci J. Rutman acting as the buyer's representative in her capacity as a trustee. The seller of the property is Rose Rubin.

Summary of transation details

  • Property Type: Single Family
  • Sale Price: $22,500,000
  • Square Footage: 7,857
  • Price Per Square Foot: $2,864
  • Lot Size: 28,200 square feet
  • Market: Golden Beach

This transaction marks a significant sale in Golden Beach, with the property's substantial size and prime location on Ocean Blvd contributing to its allure. The sale price of $22,500,000 reflects the desirability and value of the property. With a spacious interior spanning 7,857 square feet, the property offers ample living space for its future occupants. Additionally, the lot size of 28,200 square feet provides plenty of outdoor space for various recreational activities and landscaping opportunities.

The involvement of Staci J. Rutman as the buyer's representative highlights the commitment to a professional and seamless transaction. Representing the buyer as a trustee, Rutman played an integral role in facilitating the deal. On the other side of the transaction, Rose Rubin played the role of the seller in this noteworthy property sale.

Players

3 deals$42.6M volume
SELLER

Details

SOLD
IMAGE: 01/18/2022 ADDRESS: 451 Ocean Blvd MARKET: Golden Beach ASSET TYPE: Single Family BUYER: Staci J. Rutman as Trustee SELLER: Rose Rubin SALE PRICE: $22,500,000 SF: 7,857 ~ PPSF: $2,864 LOT SF: 28,200

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,200,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$79,937.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,661.48
Annual Debt Service$1,279,937.75