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451 Ocean Boulevard, Golden...

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

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

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

$22,500,000

$2,863/SF

Building Size

7,857 SF

Asset Type

Single Family Residence

Closing

Jan 17, 2022

AI

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

Rubin Rose

Seller

$42.6M

vol

3 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

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93