Anthony Lomangino Sells Oceanfront Palm Beach Mansion At 1742 South Ocean Boulevard For $38.75M
1742 South Ocean Boulevard
$38,750,000
$4,743/SF
Building Size
8,170 SF
Asset Type
Single Family
Closing
Jun 23, 2025
AI
The property asset involved in this transaction is a single-family home located at 1742 South Ocean Boulevard in Palm Beach. The property encompasses an area of 0.62 acres and features a total square footage of 8,170. The sale price for the property was $38,750,000, translating to a price per square foot of $4,743.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $38,750,000
- Address: 1742 South Ocean Boulevard
- Market: Palm Beach
- Acres: 0.62
- Square Footage: 8,170
- Price per Square Foot: $4,743
- Seller: Anthony Lomangino
- Buyer's Representative: Suzanne Frisbie - The Corcoran Group
- Seller's Representative: Christian Angle - Christian Angle Real Estate
In this transaction, Anthony Lomangino sold the oceanfront mansion to a trust managed by attorney David Klein, with the actual buyer remaining undisclosed. Lomangino, recognized as a waste management executive and GOP donor, purchased the property for $10 million in 2020 and completed the estate in 2024 with six bedrooms.
Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93