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930 S Ocean Blvd Palm Beach...

Tommy Hilfiger's Palm Beach Mansion Sold To 930 S. Ocean Trust For $41.38M
SOLDSingle Family Residence

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

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.

Players

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker

Tommy Hilfiger

Seller

$171.4M

vol

4 deals

Seller

Miami 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

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93