Guy Rabideau Acquires SFR In Palm Beach For $24.2M
516 S Ocean Blvd, Palm Beach, FL, USA
$24,200,000
$2,873/SF
Building Size
8,423 SF
Asset Type
Single Family Residence
Closing
Jun 28, 2020
AI
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.
Players
Boca Raton 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93