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Mango Leaf LLC Sells Palm Beach Mansion At 1072 North Ocean Boulevard For $30M
SOLD
$30,000,000
Florida
See Similar DealsSingle Family5,778 SF
Sold 06/23/2025
SOLD
Mango Leaf LLC Sells Palm Beach Mansion At 1072 North Ocean Boulevard For $30M
1072 North Ocean Boulevard
See Similar DealsSingle Family5,778 SF
Sold 06/23/2025
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$5,192
Total Square Footage:5,778 SF
Transaction Type:Sale
A single-family property located at 1072 North Ocean Boulevard in Palm Beach has been sold for $30,000,000. The asset spans 5,778 square feet, translating to a price per square foot of $5,192. The property encompasses 0.41 acres.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $30,000,000
- Address: 1072 North Ocean Boulevard
- Market: Palm Beach
- Square Footage: 5,778
- Price Per Square Foot: $5,192
- Buyer: Deborah Murdock; Brian A. Murdock - Strategic Investment Group
- Seller: Mango Leaf LLC
The property was sold off-market, with the seller being a trust led by attorney Guy Rabideau. The buyer, Mango Leaf LLC, is associated with Brian and Deborah Murdock, signifying their strategic investment interests.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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