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Creekshore LLC Acquires Single Family Home From Thomas E. Harvey And Cathleen P. Black For $18M
SOLD
Florida
See Similar DealsSingle Family4,305 SF
Sold 06/11/2025
SOLD
Creekshore LLC Acquires Single Family Home From Thomas E. Harvey And Cathleen P. Black For $18M
1066 North Ocean Boulevard
See Similar DealsSingle Family4,305 SF
Sold 06/11/2025
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$4,181
Total Square Footage:4,305 SF
Transaction Type:Sale
The property asset involved in this transaction is a single-family home located at 1066 North Ocean Boulevard in Palm Beach. It features a total of 4,305 square feet and has a sale price of $18,000,000, which equates to a price per square foot of $4,181.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $18,000,000
- Address: 1066 North Ocean Boulevard
- Market: Palm Beach
- Square Footage: 4,305
- Price Per Square Foot: $4,181
- Buyer: Creekshore LLC
- Seller: Thomas E. Harvey & Cathleen P. Black
- Buyer's Representative: Ryan Serhant - Serhant
- Seller's Representatives: Ashley McIntosh & Kendall Corso - Douglas Elliman
Ryan Serhant represented the buyer, Creekshore LLC, in this transaction. The sellers, Thomas E. Harvey and Cathleen P. Black, were represented by Ashley McIntosh and Kendall Corso from Douglas Elliman.
Players
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BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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