Updated Oct 2, 2026
—Single Family
1160 NOB LLC Sells Oceanfront Home At 1160 North Ocean Boulevard For $36.25M
1160 North Ocean Boulevard
Building Size
6,092 SF
Asset Type
Single Family
Closing
Jan 29, 2026
About this deal
AI
The property involved in the transaction is an oceanfront single-family home located at 1160 North Ocean Boulevard, Palm Beach. The sale price was $36,250,000, and the property spans 6,092 square feet. The asset encompasses 0.81 acres, featuring seven bedrooms. The price per square foot amounts to $5,950.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $36,250,000
- Address: 1160 North Ocean Boulevard
- Market: Palm Beach
- Seller: 1160 NOB LLC
- Broker: Gary Pohrer - Serhant
- Broker: Marley Goodman Overman - Illustrated Properties
- SF: 6,092
- PPSF: $5,950
- Acres: 0.81
An entity linked to Silver Lake, known as 1160 NOB LLC, was the seller of the property. Marley Goodman Overman of Illustrated Properties and Gary Pohrer of Serhant played significant roles in this transaction, with Pohrer also representing the buyer, who acquired the property through the 1160 North Ocean Land Trust. The seller gained $5.25 million since its purchase in March 2025.
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Single Family
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93