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Christian Gaston Taratuta Acquires Stuart I. Meyers' Golden Beach Estate For $21M

Property Image
SOLD
$21,000,000
Jonathan (Jon) Mann
Jill Hertzberg

Florida

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Single Family8,857 SF
Sold 05/13/2024
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Property Image
SOLD

Christian Gaston Taratuta Acquires Stuart I. Meyers' Golden Beach Estate For $21M

655 Ocean Boulevard

See Similar Deals
Single Family8,857 SF
Sold 05/13/2024
Jonathan (Jon) Mann
Jill Hertzberg
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,371
Total Square Footage:8,857 SF
Transaction Type:Sale

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

Jill Hertzberg
Coldwell Banker
Jill Hertzberg
90 deals$2.4B volume
BROKER
Jonathan (Jon) Mann
Coldwell Banker
Jonathan Mann
22 deals$348.6M volume
BROKER

Details

SOLD
IMAGE: Stuart I. Meyers, Jonathan Mann, Christian Gaston Taratuta & Jill Hertzberg DATE: 05/13/2024 ADDRESS: 655 Ocean Boulevard MARKET: Golden Beach ASSET TYPE: Single Family ~ ACRES: 0.72 BUYER: 655 Ocean Boulevard Land Trust - Trustee Christian Gaston Taratuta of Aleph Holding SELLER: Stuart I. Meyers - Meyers Group BROKERS: Jill Hertzberg (@JillHertzberg) & Jonathan Mann (@JonMannrealtor) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $21,000,000 SF: 8,857 ~ PPSF: $2,371 NOTE: Christian Gaston Taratuta, CEO of global digital advertising firm Aleph Holding, recently purchased the 8,857-square-foot Golden Beach oceanfront home of developer Stuart I. Meyers, CEO of Meyers Group for $21 million. The eight-bedroom residence provides direct access to a private beach, clubhouse, police force & tennis courts. Meyers acquired the property for $9.99 million in 2019, making the property now more than double the value. The home was built in 1947 and will likely be a gut renovation or teardown, according to the broker.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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