InterSystems Acquires Single Family Home In Golden Beach For $19.95M, Represented By Eloy Carmenate - The Corcoran Group
667 Ocean Boulevard, Golden Beach, FL, USA
$19,950,000
$2,786/SF
Building Size
7,159 SF
Asset Type
Single Family Residence
Closing
May 18, 2021
AI
A single-family property located at 667 Ocean Boulevard in Golden Beach was recently sold for a price of $19,950,000. The property spans across 7,159 square feet, resulting in a price per square foot of $2,787. The sale took place on May 19, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $19,950,000
- Address: 667 Ocean Boulevard
- Market: Golden Beach
Buyer: Susan Ragon and Phillip T. Ragon from InterSystems acquired the property. They were represented by Eloy Carmenate from The Corcoran Group. On the other hand, the seller, Scott Scharg, was represented by Jared Ringel and Lisa Valko from Compass.
Players
Golden 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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93