Updated Jun 12, 2025
Creekshore LLC Acquires Single Family Home From Thomas E. Harvey And Cathleen P. Black For $18M
1066 North Ocean Boulevard
$18,000,000
$4,181/SF
Building Size
4,305 SF
Asset Type
Single Family
Closing
Jun 11, 2025
About this deal
AI
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.
On the Map
$18,000,000
$4,181/SF
Single Family
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Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93