Four Z's LLC Purchases Oceanfront Mansion From Andrew Farkas For $51.42M In Palm Beach

A single-family oceanfront mansion located at 516 South Ocean Boulevard in Palm Beach was sold for $51,420,000. The property, which spans 9,949 square feet, translates to a price per square foot of $5,168.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $51,420,000
• Address: 516 South Ocean Boulevard
• Market: Palm Beach
• Square Footage: 9,949
• Price per Square Foot: $5,168
• Buyer: Four Z’s LLC
• Seller: Andrew Farkas - Island Capital Group
• Buyer's Representative: Lawrence Moens - Lawrence A. Moens Associates
• Seller's Representatives: Dana Koch & Paulette Koch - The Corcoran Group

Andrew Farkas completed the sale of his renovated mansion to Four Z’s LLC, a buyer based in Colorado. Dana and Paulette Koch from The Corcoran Group represented the seller, while Lawrence Moens represented the buyer in this notable transaction within the season.