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5001 Northeast 8th Terrace

Updated Dec 4, 2024

Enfusion CEO Sells Boca Raton Waterfront Estate For Record-Breaking $29M
SOLDSingle Family

Enfusion CEO Sells Boca Raton Waterfront Estate For Record-Breaking $29M

5001 Northeast 8th Terrace

$29,000,000

$1,953/SF

Building Size

14,848 SF

Asset Type

Single Family

Closing

Feb 8, 2024

About this deal

AI

A Boca Raton waterfront estate located at 5001 Northeast 8th Terrace has been sold for a record-breaking price of $29 million. The property, spanning over 1.1 acres, features a single-family home with a total square footage of 14,848. The sale price translates to approximately $1,953 per square foot, reflecting the escalating luxury real estate prices in South Florida. The transaction took place in the market of Boca Raton.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $29,000,000
  • Address: 5001 Northeast 8th Terrace
  • Market: Boca Raton
  • Asset Type: Single Family
  • Acres: 1.1

The seller of the property is Beata Vaynberg, with representation from Oleg Movchan, who works at Enfusion. On the buyer's side, Christian Angle from Christian Angle Real Estate acted as the representative. Carmen D’Angelo of Premier Estate Properties facilitated the sale as the seller's representative. It is worth noting that the buyer's entity remains undisclosed, adding a layer of confidentiality to the transaction. This sale surpasses the previous record of $28 million, solidifying the increasing luxury real estate market in South Florida.

On the Map

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$29,000,000

$1,953/SF

Single Family

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Players

Christian Angle

Christian Angle Real Estate

Broker

$2.8B

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101 deals

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Boca Raton Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

Enfusion CEO bought a home in Boca Raton for $29M in 2024. The full closing is on this page.

About $2K per square foot on a published $29M for 14,848 square feet (2024).

Visit Carmen D’Angelo to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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