Gary Osier Purchases Waterfront Home From Mike Collins And Samantha Curry For $11.5M
5501 South Flagler Drive
$11,500,000
$2,300/SF
Building Size
5,000 SF
Asset Type
Single Family
Closing
May 27, 2025
AI
A single family residence located at 5501 South Flagler Drive in West Palm Beach has been sold for $11,500,000. The property spans 5,000 square feet, with a price per square foot of $2,300.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $11,500,000
- Buyer: Gary Osier
- Seller: Mike Collins & Samantha Curry
- Brokers: Lawrence Moens - Lawrence A. Moens Associates Inc., Samantha Curry - Douglas Elliman
- Date of Sale: 05/27/2025
- Market: West Palm Beach
- Square Footage: 5,000
- Price per Square Foot: $2,300
The transaction involved Gary Osier purchasing the fully furnished waterfront home from brokers Samantha Curry and her husband Mike Collins. The couple acquired the property in 2020 for $3.27 million and fully renovated the residence, achieving the first waterfront sale on Flagler Drive in over a year.
Players
West Palm Beach 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93