$10M Indian Rocks Beach Estate Sold With Buyer's Rep Terry Tillung & Seller's Rep Richard Hehl
32 Gulf Blvd Indian Rocks Beach, Fl 33785, Usa
$10,000,000
$1,715/SF
Building Size
5,828 SF
Asset Type
Single Family
Closing
Jun 16, 2023
AI
A newly built beachfront estate in Indian Rocks Beach has sold for $10 million. The property, located at 32 Gulf Boulevard, offers 5,828 square feet of living space. The luxurious amenities include multiple waterfront verandas, a pool, and a private dock with views of the Intracoastal Waterway.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,000,000
- Address: 32 Gulf Boulevard
- Market: Indian Rocks Beach
- Square Footage: 5,828
The buyer's representative for this transaction was Terry Tillung from Coldwell Banker Realty, while Richard Hehl from Coastal Properties Group represented the seller. The lender involved in the deal was Central Bank Illinois.
Players
Miami 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93