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175 Ocean Shore Boulevard

Updated Dec 4, 2024

Bill Navarra's Realty Pros Assured Sells 'The Suntan King' Ron Rice's Ormond Beach Home
SOLDSingle Family

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:

"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

Bill Navarra

Realty Pros Assured

Broker

$8.1M

vol

2 deals

Broker

Ormond Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $290 per square foot on a published $3.6M for 12,414 square feet (2024).

Visit Bill Navarra to view all their deals.

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

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