Updated Oct 29, 2024
Tommy Hilfiger's Palm Beach Mansion Sold To 930 S. Ocean Trust For $41.38M
930 S Ocean Blvd Palm Beach, FL 33480, USA
$41,380,000
$6,338/SF
Building Size
6,528 SF
Asset Type
Single Family Residence
Closing
Jun 5, 2023
About this deal
AI
A Palm Beach mansion, located at 930 S. Ocean Blvd., has been sold by Tommy Hilfiger's investment company, T Capital Management, for a sale price of $41.38 million. The 6,528-square-foot home features recent interior renovations and sits on a 0.44-acre lot.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $41,380,000
- Address: 930 South Ocean Boulevard
- Market: Palm Beach
- ACRES: 0.44
The buyer of the property is the 930 S. Ocean Trust, while the seller is Tommy Hilfiger - T Capital Management. The deal was facilitated by Lawrence Moens of Lawrence A. Moens Associates, representing the seller.
Tommy Hilfiger's investment company, T Capital Management, has successfully sold the Palm Beach mansion at 930 S. Ocean Blvd., making a significant profit in less than six months. The property's recent interior renovations likely contributed to its appeal to the buyer, 930 S. Ocean Trust.
On the Map
$41,380,000
$6,338/SF
Single Family Residence
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Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $6.3K per square foot on a published $41.4M for 6,528 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93