Scott Gilbert And Lauren Kingsmore Gilbert Purchase Single Family Home In Boca Raton For $5.85M
721 Northeast 34th Street
$5,850,000
$1,052/SF
Building Size
5,556 SF
Asset Type
Single Family Residence
Closing
Jan 6, 2026
AI
The property involved in this transaction is a single-family home located at 721 Northeast 34th Street in Boca Raton. It was sold for a price of $5,850,000, with a total square footage of 5,556, resulting in a price per square foot of $1,052.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,850,000
- Address: 721 Northeast 34th Street
- Market: Boca Raton
- Square Footage: 5,556
- Price per Square Foot: $1,052
- Buyer: Scott Gilbert & Lauren Kingsmore Gilbert
- Seller: Elysee Homes
- Brokers: Ian Gelerman & Michael Light - The Light Group - Douglas Elliman; Bruce Ring & Kevin Schraier - Lenson Realty
The deal involved four representatives from two different brokerages. Ian Gelerman and Michael Light represented the buyers through The Light Group at Douglas Elliman, while Bruce Ring and Kevin Schraier represented the seller, Elysee Homes, through Lenson Realty. The collaboration among the brokers contributed to the successful 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
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93