Updated Dec 4, 2024
Sabal Development Sells La Plage Villa In Highland Beach For $30M
4005 South Ocean Boulevard
$30,000,000
$3,313/SF
Building Size
9,054 SF
Asset Type
Single Family
Closing
Oct 31, 2023
About this deal
AI
Sabal Development, represented by Pascal Nicolai, sold the La Plage Villa in Highland Beach for $30 million. The property, located at 4005 South Ocean Boulevard, spans 0.57 acres and features 9,054 square feet of space. The single-family home boasts 7 bedrooms, 12 bathrooms, and offers 100 feet of beach frontage. The sale price of $30 million marks a significant increase from its initial purchase price of $4.4 million in 2016.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $30,000,000
- Address: 4005 South Ocean Boulevard
- Market: Highland Beach
- Square Footage: 9,054
In this transaction, Joseph Liguori of Premier Estate Properties represented Sabal Development, the seller of the property. Additionally, Nadine Cory from City Real Estate acted as the buyer's representative. The involvement of these key individuals and companies contributed to the successful sale of the La Plage Villa.
Players
Highland Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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About $3.3K per square foot on a published $30M for 9,054 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93