Updated Apr 1, 2025
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
About this deal
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
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