Updated Oct 29, 2024
M&M Palm Beach Property Investors LLC Acquires SFR In Palm Beach For $17.9M
930 South Ocean Boulevard, Palm Beach, FL, USA
$17,900,000
$2,743/SF
Building Size
6,525 SF
Asset Type
Single Family Residence
Closing
Mar 4, 2021
About this deal
AI
Located at 930 South Ocean Boulevard in Palm Beach, this single-family residential property has recently been sold. The sale was completed on 03/05/2021, with a selling price of $17,900,000. The property spans over 6,525 square feet, translating to a price per square foot of $2,743. The transaction involved M&M Palm Beach Property Investors LLC as the buyer and Rick & Marie Wackenhut as the seller.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $17,900,000
- SF: 6,525
- PPSF: $2,743
- Address: 930 South Ocean Boulevard, Palm Beach
The sale of this property was facilitated by Lawrence Moens from Lawrence A. Moens Associates, who represented both the buyer and the seller in the transaction.
Players
Boca Raton 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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93