Updated Dec 20, 2023
The Corcoran Group Acquires SFR In Palm Beach For $36M
720 S Ocean Blvd, Palm Beach, FL 33480, Estados Unidos
$36,000,000
$257/SF
Building Size
140,000 SF
Asset Type
Single Family Residence
Closing
Nov 1, 2020
About this deal
AI
Located at 720 South Ocean Boulevard in Palm Beach, this single-family residential property was recently sold for a staggering price of $36,000,000. With a spacious living area of approximately 14,000 square feet, the property was valued at an impressive $2,571 per square foot.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $36,000,000
- Square Footage: 14,000
Represented by Christian Angle from Christian Angle Real Estate, Cindy and John Sites served as the sellers of this remarkable property. The buyers were assisted by The Corcoran Group, ensuring a smooth and successful transaction.
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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93