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128 Ocean Boulevard

Lance Burstyn Sells Golden Beach Single Family Home For $11.95M
SOLDSingle Family

Lance Burstyn Sells Golden Beach Single Family Home For $11.95M

128 Ocean Boulevard

$11,950,000

$1,560/SF

Building Size

7,657 SF

Asset Type

Single Family

Closing

Apr 16, 2024

AI

The property located at 128 Ocean Boulevard in Golden Beach is a single-family home that was recently sold for $11,950,000. Spanning 7,657 square feet, this estate boasts 6 bedrooms, 7 bathrooms, and 2 and a half baths. The Italian kitchen by Snaidero, a media room, and an expansive Master Suite are just a few of the features that make this property stand out. The house's grand 3-story foyer with 30' high ceilings sets an impressive tone, perfect for entertaining or intimate family life.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $11,950,000
  • Price per Square Foot: $1,561
  • Address: 128 Ocean Boulevard
  • Market: Golden Beach

Nathanel Amir represented the buyer in this transaction, acquiring this exceptional property in Golden Beach. The sellers, Brett Harris and Lance Burnstyn, ensured that the estate reached its full potential before selling it for the full asking price. With its luxurious amenities, including the outdoor dining area and custom Italian kitchen, this property offers a perfect blend of sophistication and comfort.

Players

Brett Harris

Douglas Elliman

Broker

$590M

vol

16 deals

Broker

Golden 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

1.33%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93