Updated Dec 4, 2025
Greg Mondre Of Silver Lake Sells Palm Beach Oceanfront Home For $39.5M
1160 North Ocean Boulevard
$39,500,000
$6,475/SF
Building Size
6,100 SF
Asset Type
Single Family
Closing
Dec 3, 2025
About this deal
AI
Located at 1160 North Ocean Boulevard in Palm Beach, this single-family asset spans 6,100 square feet and is situated on 0.8 acres. It features 152 feet of oceanfront and was listed for a transaction amount of $39,500,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $39,500,000
- Address: 1160 North Ocean Boulevard
- Market: Palm Beach
- Acres: 0.8
- Square Footage: 6,100
- Price Per Square Foot: $6,475
- Seller: Greg Mondre - Silver Lake
- Broker Representatives: Gary Pohrer - Serhant; Marley Goodman Overman - Illustrated Properties
Greg Mondre, co-CEO of Silver Lake, engaged in this transaction during a holiday week, successfully finding a buyer for the property after acquiring it for $31 million in March and relisting it in September. The brokers involved in this deal are Gary Pohrer from Serhant and Marley Goodman Overman from Illustrated Properties.
On the Map
$39,500,000
$6,475/SF
Single Family
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Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $6.5K per square foot on a published $39.5M for 6,100 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93