JB Edwards & Dwight Schar Acquires Single Family Property On Palm Beach's South Ocean Boulevard For $45M

550 South Ocean Boulevard, located in Palm Beach, was recently sold in a closed transaction. The property is a single-family home with a total square footage of 8,100. The sale price for this property was $45,000,000, resulting in a price per square foot of $5,556. The seller of the property was Martha Schar, represented by Lawrence Moens from Lawrence Moens Associates. The buyer, represented by JB Edwards from Sotheby's International Realty, is JB Edwards & Dwight Schar.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $45,000,000
• Address: 550 South Ocean Boulevard, Palm Beach
• Square Footage: 8,100
• Seller: Martha Schar
• Seller's Representative: Lawrence Moens - Lawrence Moens Associates
• Buyer's Representative: JB Edwards - Sotheby’s International Realty

JB Edwards & Dwight Schar represented the buying party in this transaction. This acquisition highlights their commitment to purchasing high-end properties in Palm Beach. NVR, represented by Dwight Schar, was the seller in this deal. This successful transaction marks another milestone for both parties involved.