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516 S Ocean Blvd, Palm Beac...

Guy Rabideau Acquires SFR In Palm Beach For $24.2M
SOLDSingle Family Residence

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

James McCann

Premier Estate Properties

Broker

$541.1M

vol

22 deals

Broker

Guy Rabideau

Buyer

$109.2M

vol

6 deals

Buyer

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