Updated Oct 28, 2024
Lawrence Moens Acquires Palm Beach Single Family For $86M
901 North Ocean Boulevard, Palm Beach, Florida 33480, United States
$86,000,000
$5,733/SF
Building Size
15,000 SF
Asset Type
Single Family Residence
Closing
Jun 12, 2022
About this deal
AI
Located at 901 North Ocean Boulevard in Palm Beach, this 1.1-acre single-family property has been sold. The transaction took place on June 13, 2022, at a sale price of $86,000,000. The property spans 15,000 square feet, resulting in a price per square foot of $5,733.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $86,000,000
- Address: 901 North Ocean Boulevard, Palm Beach
- Market: Palm Beach
- Acreage: 1.1
Lawrence Moens from Lawrence A. Moens Associates represented the buyer in this transaction, while William Raveis South Florida acted as the seller's representative on behalf of Beechgreen LLC.
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $5.7K per square foot on a published $86M for 15,000 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93