Updated Dec 4, 2024
Bill Navarra's Realty Pros Assured Sells 'The Suntan King' Ron Rice's Ormond Beach Home
175 Ocean Shore Boulevard
$3,600,000
$290/SF
Building Size
12,414 SF
Asset Type
Single Family
Closing
Mar 22, 2024
About this deal
AI
The property located at 175 Ocean Shore Boulevard in Ormond Beach has been sold for $3,600,000. This single-family home spans 12,414 square feet and features four bedrooms, multiple pools, 200 feet of beachfront, and an entertaining room with a light-up disco dance floor.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,600,000
- Market: Ormond Beach
- Address: 175 Ocean Shore Boulevard
- Broker: Bill Navarra - Realty Pros Assured
- SF: 12,414
- PPSF: $290
"The Suntan King" Ron Rice's former residence was successfully sold, showcasing a deal that saw the representation of Bill Navarra from Realty Pros Assured, demonstrating the expertise and experience brought into the transaction by the involved parties.
Players
Ormond 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93