Updated May 12, 2025
Julie Chrystyn Opperman Purchases Palm Beach Estate From David Herro For $40 Million
1230 South Ocean Boulevard
$40,000,000
$4,395/SF
Building Size
9,100 SF
Asset Type
Single Family
Closing
Mar 5, 2025
About this deal
AI
A single-family home located at 1230 South Ocean Boulevard in Palm Beach has been sold. The estate covers 1 acre and features a total of 9,100 square feet. The sale price was $40,000,000, which translates to a price per square foot of $4,396.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $40,000,000
- Address: 1230 South Ocean Boulevard
- Market: Palm Beach
- Acres: 1
- Square Footage: 9,100
- Price per Square Foot: $4,396
- Buyer: Julie Chrystyn Opperman
- Seller: David Herro - Harris Associates
- Buyer's Representative: Christian Angle - Christian Angle Real Estate
- Seller's Representative: Christopher Leavitt - Douglas Elliman
The transaction involved David Herro, who sold the estate that had undergone renovations. The property was initially listed for $49 million in November and went under contract in January, with Chris Leavitt from Douglas Elliman representing the seller.
Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $4.4K per square foot on a published $40M for 9,100 square feet (2025).
Visit Christopher (Chris) Leavitt to view all their deals.
Browse Palm Beach single family sales on Traded.
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