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Sotheby's International Realty Sells SFR In Highland Beach For $8.5M

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SOLD
$8,500,000

Florida

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Single Family Residence5,637 SF
Sold 02/28/2023
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Property Image
SOLD

Sotheby's International Realty Sells SFR In Highland Beach For $8.5M

4215 South Ocean Boulevard

See Similar Deals
Single Family Residence5,637 SF
Sold 02/28/2023
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,507
Total Square Footage:5,637 SF
Transaction Type:Sale

A single-family home located at 4215 South Ocean Boulevard in Highland Beach has recently been sold for $8,500,000. The property spans over 5,637 square feet, resulting in a price per square foot of $1,508.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $8,500,000

Representing the seller in this transaction was Erin Omiatek from Sotheby's International Realty.

Players

Erin Omiatek
Sotheby's International Realty
Erin Omiatek
3 deals$20.8M volume
BROKER

Details

SOLD
IMAGE: Erin Omiatek DATE: 02/28/2023 ADDRESS: 4215 South Ocean Boulevard MARKET: Highland Beach ASSET TYPE: SFR SELLER'S REP: Erin Omiatek (@BarbieSellstheBeach_) - Sotheby's International Realty (@OnesIR) SALE PRICE: $8,500,000 SF: 5,637 ~ PPSF: $1,508

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

$453,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04