Candace Friis & Phillip Friis Of The Corcoran Group Broker $21M Gulf Stream Single Family

The oceanfront home located at 3435 North Ocean Boulevard in Gulf Stream was sold for $21 million. The 5,800-square-foot property features five bedrooms, a library, a pool, and 100 feet of oceanfront. Originally purchased by Kathleen Patrinos & Demetrios Patrinos for $7 million in 2013, the property represents the highest-priced transaction in Gulf Stream this year, highlighting the strong demand in the area.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $21,000,000
• Market: Gulf Stream
• Seller: Kathleen Patrinos & Demetrios Patrinos
• Brokers: Candace Friis & Phillip Friis - The Corcoran Group
• SF: 5,792
• PPSF: $3,626

Demetrios Patrinos, owner of a Pittsburgh-based painting contractor, sold the property to Bon Property LLC, with the ultimate buyer undisclosed. Candace Friis of the Corcoran Group, who represented both parties in the deal, highlighted the central location as a key selling point in the competitive market.