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530 South Ocean Boulevard

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

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

530 South Ocean Boulevard

$73,000,000

$4,896/SF

Building Size

14,908 SF

Asset Type

Single Family Residence

Closing

Mar 26, 2025

AI

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

Broker

$140.9M

vol

5 deals

Broker

Palm 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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93