Located in Palm Beach, the property at 516 S. Ocean Blvd recently changed hands in a sale transaction. The single-family home spans an impressive 8,423 square feet and was sold for a price of $24,200,000, translating to a price per square foot of $2,873. It is situated in a desirable market, further enhancing its value.

Summary of transaction details

• Property Type: SFR
• Transaction Amount: $24,200,000
• Square Footage: 8,423
• Price per Square Foot: $2,873
• Address: 516 S. Ocean Blvd, Palm Beach

Leading the deal was Jim McCann from Premier Estate Properties, serving as the broker for the transaction. Representing the buyer, Guy Rabideau, McCann facilitated the successful purchase of the property from Margaret & Christopher Sinclair, the sellers. The involvement of these key individuals played a crucial role in the completion of the sale.