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InterSystems Acquires Single Family Home In Golden Beach For $19.95M, Represented By Eloy Carmenate - The Corcoran Group

Property Image
SOLD
$19,950,000
Lisa Valko
Jared Ringel
Eloy Carmenate

Florida

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Single Family Residence7,159 SF
Sold 05/19/2021
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Single Family Residence7,159 SF
Sold 05/19/2021
Lisa Valko
Jared Ringel
Eloy Carmenate
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,786
Total Square Footage:7,159 SF
Transaction Type:Sale

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

Eloy Carmenate
The Corcoran Group
Eloy Carmenate
32 deals$584.2M volume(305) 582-7179
BROKER
Jared Ringel
Compass
Jared Ringel
1 deal$20M volume
BROKER
Lisa Valko
Compass
Lisa Valko
1 deal$20M volume
BROKER
I
InterSystems
BUYER
I
InterSystems
BUYER

Details

SOLD
IMAGE: Jared Ringel, Susan Ragon, Phillip T. Ragon, Lisa Valko & Eloy Carmenate DATE: 05/19/2021 ADDRESS: 667 Ocean Boulevard MARKET: Golden Beach ASSET TYPE: Single Family BUYER: Susan Ragon; Phillip T. Ragon - InterSystems SELLER: Scott Scharg BUYER'S REP: Eloy Carmenate - The Corcoran Group SELLER'S REP: Jared Ringel & Lisa Valko - Compass SALE PRICE: $19,950,000 SF: 7,159 ~ PPSF: $2,787

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

$1,063,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$70,878.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,573.18
Annual Debt Service$1,134,878.14