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
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
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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