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300 North Ocean Boulevard

Updated Dec 4, 2024

Jean & Dennis Bottorff Sell Palm Beach Home For $36.9M With Brown Harris Stevens
SOLDSingle Family

Jean & Dennis Bottorff Sell Palm Beach Home For $36.9M With Brown Harris Stevens

300 North Ocean Boulevard

$36,900,000

$5,355/SF

Building Size

6,890 SF

Asset Type

Single Family

Closing

May 16, 2024

About this deal

AI

The Mediterranean-style estate located at 300 North Ocean Boulevard in Palm Beach has been sold for $36,900,000. This single-family property spans 6,890 square feet and sits on 0.77 acres of land. The transaction was overseen by Brown Harris Stevens, with sellers Jean Bottorff and Dennis C. Bottorff parting ways with their home at a significant gain from its 2004 purchase price of $6.6 million.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $36,900,000
  • Market: Palm Beach
  • Square Footage: 6,890
  • Address: 300 North Ocean Boulevard
  • Sellers: Jean Bottorff & Dennis C. Bottorff
  • Brokers: Edward Curran & Maureen Woodward - Brown Harris Stevens

Jean Bottorff and Dennis C. Bottorff, the sellers of the property, realized a substantial increase in value since their acquisition in 2004. Edward Curran and Maureen Woodward from Brown Harris Stevens represented the sellers in this noteworthy transaction, showcasing their expertise in the Palm Beach real estate market.

Players

Maureen Woodward

Brown Harris Stevens

Broker

$49.6M

vol

2 deals

Broker

Palm Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $5.4K per square foot on a published $36.9M for 6,890 square feet (2024).

Visit Maureen Woodward to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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