facebook
Traded Co logo
Submit
Daily limit: 0/10

Kolter Group Purchases Oceanfront Mansion In Highland Beach From Carol Sawyer Parks For $17.5M

Property Image
SOLD
$17,500,000
Michael (Mike) O'Connor
Nicholas (Nick) Malinosky

Florida

See Similar Deals
Single Family5,313 SF
Sold 01/07/2026
the dealplayerscompscontact
Property Image
SOLD

Kolter Group Purchases Oceanfront Mansion In Highland Beach From Carol Sawyer Parks For $17.5M

2545 South Ocean Boulevard

See Similar Deals
Single Family5,313 SF
Sold 01/07/2026
Michael (Mike) O'Connor
Nicholas (Nick) Malinosky
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,293
Total Square Footage:5,313 SF
Transaction Type:Sale

A 5,313-square-foot oceanfront mansion located at 2545 South Ocean Boulevard in Highland Beach has been sold for $17.5 million at a price per square foot of $3,294. The property spans 1.03 acres and features four bedrooms and 4.5 bathrooms, along with a pool and private beach access. This first-time sale home was built in 2009.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $17,500,000
  • Address: 2545 South Ocean Boulevard
  • Market: Highland Beach
  • Square Footage: 5,313
  • Price Per Square Foot: $3,294
  • Buyer: Kolter Group
  • Seller: Carol Sawyer Parks
  • Broker: Nick Malinosky & Mike O'Connor - Douglas Elliman
  • Lender: CIBC Bank USA
  • Mortgage Amount: $27.63 million

The transaction involved Boston developer Carol Sawyer Parks selling the property to KM One LLC, an affiliate of Kolter Group. Nick Malinosky and Michael O’Connor of Douglas Elliman represented the sale. The deal highlighted the buyer's strategic decision to upsize its mortgage with CIBC Bank USA as part of the acquisition process.

Players

Nicholas (Nick) Malinosky
Douglas Elliman
Nicholas Malinosky
20 deals$459.4M volume
BROKER
Michael (Mike) O'Connor
Douglas Elliman
Michael O'Connor
8 deals$106.3M volume
BROKER
CIBC Bank USA
CIBC Bank USA
LENDER

Details

SOLD
IMAGE: Nick Malinosky & Mike O'Connor DATE: 01/07/2026 ADDRESS: 2545 South Ocean Boulevard MARKET: Highland Beach ASSET TYPE: Single Family ~ ACRES: 1.03 BUYER: Kolter Group (@KolterHomes) SELLER: Carol Sawyer Parks BROKERS: Nick Malinosky (@RandyandNick) & Mike O'Connor (@BostonMikeee) - Douglas Elliman (@DouglasElliman) LENDER: CIBC Bank USA (@CIBC_US) SALE PRICE: $17,500,000 SF: 5,313 ~ PPSF: $3,294 NOTE: Boston developer Carol Sawyer Parks sold a 5,313 -SF oceanfront mansion at 2545 S. Ocean Blvd. in Highland Beach for $17.5M ($3,294/SF) to KM One LLC, an affiliate of Kolter Group, with the buyer upsizing its CIBC Bank USA mortgage to $27.63M. Nick Malinosky and Michael O’Connor of Douglas Elliman brokered the sale; the 1.03-acre, first-time-sale home was built in 2009 and includes four bedrooms, 4.5 baths, a pool, and private beach access.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$933,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14