Christian Gaston Taratuta Acquires Stuart I. Meyers' Golden Beach Estate For $21M
655 Ocean Boulevard
$21,000,000
$2,371/SF
Building Size
8,857 SF
Asset Type
Single Family
Closing
May 13, 2024
AI
The 8,857-square-foot Golden Beach oceanfront home located at 655 Ocean Boulevard was recently sold for $21 million. The property, previously acquired by developer Stuart I. Meyers for $9.99 million in 2019, has now doubled in value. The residence features eight bedrooms and offers direct access to a private beach, clubhouse, police force, and tennis courts.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $21,000,000
- Address: 655 Ocean Boulevard
- Market: Golden Beach
- Size: 8,857 square feet
- Price Per Square Foot: $2,371
Christian Gaston Taratuta, the CEO of Aleph Holding, a global digital advertising firm, served as the trustee for the 655 Ocean Boulevard Land Trust, which purchased the property from Stuart I. Meyers, CEO of Meyers Group. The transaction was facilitated by brokers Jill Hertzberg and Jonathan Mann from Coldwell Banker.
Players
Golden 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93