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
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