23 Ocean Family Trust Acquires Oceanfront Mansion From Sidney Ferenc For $27.05M In Highland Beach
2363 South Ocean Boulevard
$27,050,222
$1,941/SF
Building Size
13,930 SF
Asset Type
Single Family
Closing
May 1, 2025
AI
The property asset involved in this closed transaction is a single-family home located at 2363 South Ocean Boulevard in Highland Beach. The transaction concluded for a sale price of $27,050,222. The residence spans 13,930 square feet and sits on a lot of 0.96 acres.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $27,050,222
- Address: 2363 South Ocean Boulevard
- Market: Highland Beach
- Square Footage: 13,930 SF
- Price Per Square Foot: $1,942
- Buyer: 23 Ocean Family Trust
- Seller: Sidney Ferenc - Applied Underwriters
- Brokers: Michael O'Connor & Nicholas Malinosky - Douglas Elliman
In this transaction, the brokers Michael O'Connor and Nicholas Malinosky represented both the buyer, 23 Ocean Family Trust, and the seller, Sidney Ferenc, who purchased the property in 2014 for $11 million. The recent sale reflects Sidney Ferenc's activities, including a recent closing on a $6.3 million home in Boca Raton.
Players
Highland 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93