The property asset involved in this transaction is a single-family home located at 1400 South Ocean Boulevard in Lantana, encompassing 1.84 acres with a total square footage of 16,174. It was sold for $49,123,100, resulting in a price per square foot of $3,037.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $49,123,100
• Address: 1400 South Ocean Boulevard
• Market: Lantana
• Acres: 1.84
• Square Footage: 16,174
• Price per Square Foot: $3,037
• Buyer: David A. Frecka - Next Generation Film
• Seller: Padmaja & Rama Raju Mantena
• Buyer's Representative: Catherine McGlennon - Engel & Völkers
• Seller's Representative: Mark Griffin - The Bear’s Club Sotheby's International Realty

David A. Frecka, the CEO of a plastic packaging company, acquired the property from sellers Rama Raju and Padmaja Mantena. The transaction was facilitated with representation from Catherine McGlennon for the buyer and Mark Griffin for the sellers.