facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family

/

Sale

/

200 South Ocean Boulevard

Updated Dec 4, 2024

WPB Investments 1 Buys Palm Beach Single Family Home For $51.25M
SOLDSingle Family

WPB Investments 1 Buys Palm Beach Single Family Home For $51.25M

200 South Ocean Boulevard

$51,250,000

$8,807/SF

Building Size

5,819 SF

Asset Type

Single Family

Closing

May 8, 2024

About this deal

AI

The single-family property located at 200 South Ocean Boulevard in Palm Beach, spanning 0.9 acres, was sold for $51,250,000. Former CEO and president of Academy Sports & Outdoors, David Gochman, along with Becky Gochman, were the sellers of this 5,819-square-foot residence. The property was initially listed for $59 million back in February.

Summary of transation details:

The purchasing entity behind this transaction was WPB Investments 1, managed by attorney Bradley McPherson, acquiring the luxurious property from the Gochmans. Handling the deal on behalf of the buyer were Derek Olsen and Phatavanh Olsen from Douglas Elliman, while James McCann from Premier Estate Properties represented Becky and David Gochman in the sale.

On the Map

Open live map

$51,250,000

$8,807/SF

Single Family

View full map

Players

James McCann

Premier Estate Properties

Broker

$541.1M

vol

22 deals

Broker
Bilt advertisement

Palm Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

Deal FAQ

About $8.8K per square foot on a published $51.3M for 5,819 square feet (2024).

Visit James (Jim) McCann to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets