Daniel Gonzalez Purchases Oceanfront Estate In Golden Beach For $34 Million From Samuel Ohev-Zion
263 Ocean Boulevard
$34,000,000
$2,862/SF
Building Size
11,880 SF
Asset Type
Single Family
Closing
Sep 19, 2024
AI
The property involved in this transaction is a single-family home located at 263 Ocean Boulevard in Golden Beach. The asset encompasses 0.48 acres and features a total square footage of 11,880. The sale price was $34,000,000, resulting in a price per square foot of $2,862.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $34,000,000
- Address: 263 Ocean Boulevard
- Market: Golden Beach
- Acres: 0.48
- Square Footage: 11,880
- Price per Square Foot: $2,862
- Buyer: Daniel Gonzalez
- Seller: Michelle Bittman; Samuel Ohev-Zion - BLU Products
- Broker: Nelson Gonzalez - Berkshire Hathaway HomeServices EWM Realty
The deal was notable as it marked the second most expensive home sale in Golden Beach. The seller, Samuel Ohev-Zion, acquired the property for $11 million in 2015. Daniel Gonzalez, the buyer, intends to reside in the recently renovated mansion.
Golden 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93