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Lakiha And Mike Tyson Acquire Lakefront Mansion In Delray Beach For $13 Million

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SOLD
$13,000,000

Florida

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Single Family12,286 SF
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SOLD

Lakiha And Mike Tyson Acquire Lakefront Mansion In Delray Beach For $13 Million

10468 El Caballo Court

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Single Family12,286 SF
Sold
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1058
Total Square Footage:12286 SF
Transaction Type:Sale

A 12,286-square-foot single-family mansion located at 10468 El Caballo Court in Delray Beach has been sold for $13,000,000. The property spans 2.71 acres and features six bedrooms, nine bathrooms, an 80-foot pool, a bass pond, and a gym, indicating extensive amenities tailored to luxurious living.

Summary of transaction details:

In this transaction, Mike Tyson was represented by Joseph Schneider, while the seller, Joseph Creamer, was supported by Thomas DiBucci. The deal underscores the involvement of multiple real estate professionals in facilitating the purchase of the property.

Players

Thomas DiBucci
2 deals$26.8M volume(561) 715-1283
BROKER


1 deal$13M volume(561) 271-7443
BROKER

Details

SOLD
IMAGE: Thomas DiBucci, Mike Tayson & Lakiha Tyson DATE: 01/14/2025 ADDRESS: 10468 El Caballo Court MARKET: Delray Beach ASSET TYPE: Single Family ~ ACRES: 2.71 BUYER: Lakiha & Mike Tyson (@MikeTyson) BUYER'S REP: Joseph Schneider - Wimbledon Real Estate SELLER'S REP: Joseph Creamer - Abigail Wapner Realty; Thomas DiBucci - Kingdom Living Properties SALE PRICE: $13,000,000 SF: 12,286 ~ PPSF: $1,058 NOTE: Mike Tyson purchased a 12,286-square-foot lakefront mansion in Delray Beach for $13 million from developer Joseph Creamer. The 2.7-acre estate features six bedrooms, nine bathrooms, an 80-foot pool, a bass pond, and a gym, with Jonathan Schneider representing Tyson in the deal.

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

$693,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59