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721 Northeast 34th Street

Scott Gilbert And Lauren Kingsmore Gilbert Purchase Single Family Home In Boca Raton For $5.85M
SOLDSingle Family Residence

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

Michael Light

Douglas Elliman

Broker

$78.7M

vol

8 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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