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

Property Image
SOLD
$36,900,000

Florida

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Single Family6,890 SF
Sold 05/16/2024
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Property Image
SOLD

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

300 North Ocean Boulevard

See Similar Deals
Single Family6,890 SF
Sold 05/16/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$5,355
Total Square Footage:6,890 SF
Transaction Type:Sale

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
2 deals$49.6M volume
BROKER

Edward Curran
Brown Harris Stevens
1 deal$36.9M volume(561) 301-6449
BROKER

Details

SOLD
IMAGE: 05/16/2024 ADDRESS: 300 North Ocean Boulevard MARKET: Palm Beach ASSET TYPE: Single Family ~ ACRES: 0.77 SELLER: Jean Bottorff & Dennis C. Bottorff BROKERS: Edward Curran & Maureen Woodward - Brown Harris Stevens SALE PRICE: $36,900,000 SF: 6,890 ~ PPSF: $5,356 NOTE: Jean Bottorff, alongside her husband Dennis C. Bottorff, has sold their Palm Beach home for $36.9 million, a substantial gain from its previous purchase price of $6.6 million in 2004. The Mediterranean-style estate, situated at 300 N. Ocean Blvd., spans 6,890 square feet of living space, with Brown Harris Stevens overseeing the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,968,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$131,097.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$174,924.83
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