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Ric & Brenda Elias Sell Single Family Home In Palm Beach For $73 Million With Jack Rooney As The Broker

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SOLD
$73,000,000

Florida

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Single Family Residence14,908 SF
Sold 03/26/2025
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Property Image
SOLD

Ric & Brenda Elias Sell Single Family Home In Palm Beach For $73 Million With Jack Rooney As The Broker

530 South Ocean Boulevard

See Similar Deals
Single Family Residence14,908 SF
Sold 03/26/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,896
Total Square Footage:14,908 SF
Transaction Type:Sale

This transaction involved a single-family asset located at 530 South Ocean Boulevard in Palm Beach. The property was sold for $73,000,000, with a total area of 14,908 square feet, resulting in a price per square foot of $4,896.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $73,000,000
  • Address: 530 South Ocean Boulevard
  • Market: Palm Beach
  • Square Footage: 14,908
  • Price Per Square Foot: $4,896
  • Seller: Ric & Brenda Elias
  • Broker: Jack Rooney - Douglas Elliman

The deal was orchestrated by broker Jack Rooney, representing the sellers, Ric & Brenda Elias, as they finalized the sale of the property in the competitive Palm Beach market.

Players

Jack Rooney
Douglas Elliman
Jack Rooney
5 deals$140.9M volume(561) 655-8600
BROKER

Details

SOLD
IMAGE: Jack Rooney DATE: 03/26/2025 ADDRESS: 530 South Ocean Boulevard MARKET: Palm Beach ASSET TYPE: Single Family SELLER: Ric & Brenda Elias BROKER: Jack Rooney (@JackRooney1231) - Douglas Elliman (@DouglasElliman) SALE PRICE: $73,000,000 SF: 14,908 ~ PPSF: $4,896

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

$3,893,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$259,353.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$346,057.24
Annual Debt Service$4,152,686.91