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Creekshore LLC Acquires Single Family Home From Thomas E. Harvey And Cathleen P. Black For $18M

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SOLD
$18,000,000

Florida

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Single Family4,305 SF
Sold 06/11/2025
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Property Image
SOLD

Creekshore LLC Acquires Single Family Home From Thomas E. Harvey And Cathleen P. Black For $18M

1066 North Ocean Boulevard

See Similar Deals
Single Family4,305 SF
Sold 06/11/2025
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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

Ashley McIntosh
24 deals$570.8M volume(561) 685-0861
BROKER

Ryan Serhant
Serhant
43 deals$955.1M volume
BROKER

Kendall Corso
Douglas Elliman
3 deals$55M volume(561) 901-4138
BROKER

Serhant
BROKERAGE

Details

SOLD
IMAGE: Kendall Corso, Ryan Serhant & Ashley McIntosh DATE: 06/11/2025 ADDRESS: 1066 North Ocean Boulevard MARKET: Palm Beach ASSET TYPE: Single Family BUYER: Creekshore LLC SELLER: Thomas E. Harvey & Cathleen P. Black BUYER'S REP: Ryan Serhant (@RyanSerhant) - Serhant (@Serhant) SELLER'S REP: Ashley McIntosh (@Aoneil1) & Kendall Corso (@Kendeee) - Douglas Elliman (@DouglasElliman) SALE PRICE: $18,000,000 SF: 4,305 ~ PPSF: $4,181 NOTE: Thomas E. Harvey and Cathleen P. Black sold their 4,305 SF home at 1066 N. Ocean Blvd. in Palm Beach for $18M to Creekshore LLC. Ashley McIntosh and Kendall Corso of Douglas Elliman represented the sellers, while Ryan Serhant represented the buyer.

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Deal Type
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