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John Groffo Purchases Single Family Waterfront Property From LAM Management For $2,330,000 In Lighthouse Point

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SOLD
$2,330,000

Florida

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Single Family Residence3,680 SF
Sold 04/28/2026
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Property Image
SOLD

John Groffo Purchases Single Family Waterfront Property From LAM Management For $2,330,000 In Lighthouse Point

4241 Northeast 23rd Terrace

See Similar Deals
Single Family Residence3,680 SF
Sold 04/28/2026
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$633
Total Square Footage:3,680 SF
Transaction Type:Sale

This transaction involves a single-family home located at 4241 Northeast 23rd Terrace in Lighthouse Point. The property features a total square footage of 3,680 and has a sale price of $2,330,000, translating to a price per square foot of $633.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $2,330,000
  • Buyer: John Groffo
  • Seller: LAM Management
  • Broker: Paola Jaramillo M. PA - Unlocking Doors to Your Dreams - EXP Realty

Paola Jaramillo M. of eXp Realty represented both the buyer and seller in this successful waterfront property transaction, showcasing her expertise in trust, transparency, strategic marketing, negotiation, and execution. Her commitment to delivering exceptional results is reflected in her comprehensive approach to luxury real estate in South Florida.

Players

BROKERAGE

Details

SOLD
IMAGE: Paola Jaramillo M. PA DATE: 04/28/2026 ADDRESS: 4241 Northeast 23rd Terrace MARKET: Lighthouse Point ASSET TYPE: Single Family BUYER: John Groffo SELLER: LAM Management BROKER: Paola Jaramillo M. PA (@Paomodainvestments) (@Paomodalife) - Unlocking Doors to Your Dreams - EXP Realty (@ExpRealty) SALE PRICE: $2,330,000 SF: 3,680 ~ PPSF: $633 NOTE FROM BROKER: "UNLOCKING DOORS TO YOUR DREAMS" Representing both buyer and seller in this successful waterfront transaction required trust, transparency, strategic marketing, negotiation, and execution. Paola Jaramillo M. of eXp Realty successfully closed this exclusive Lighthouse Point waterfront property, located in one of South Florida’s premier luxury boating communities known for its privacy, security, and elevated coastal lifestyle. If you are looking to buy or sell luxury real estate in South Florida, working with an agent with strong market knowledge, strategic exposure, and a powerful network makes all the difference. From waterfront estates to exclusive off-market opportunities, Paola Jaramillo M. is committed to delivering exceptional results with professionalism, discretion, and personalized service. eXp Realty | South Florida Luxury Real Estate “Unlocking Doors to Your Dreams”

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

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Cash-on-Cash Return-1.27%
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