Dirk Ulrich Sells Oceanfront Home In Juno Beach For $10 Million With Representation By Robert Thomson And Heidi Brzyski
708 Ocean Drive
$10,000,000
$2,631/SF
Building Size
3,800 SF
Asset Type
Single Family
Closing
Oct 16, 2024
AI
The single family asset located at 708 Ocean Drive in Juno Beach was sold for $10,000,000. This oceanfront residence spans 3,800 square feet and features a total of four bedrooms and four bathrooms. The property, built in 1993 on half an acre, also includes a pool and was initially listed at $13,000,000 after undergoing renovations.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,000,000
- Square Footage: 3,800
- Price Per Square Foot: $2,632
- Address: 708 Ocean Drive
- Market: Juno Beach
- Seller: Dirk Ulrich
- Buyer's Representative: Heidi Brzyski - Douglas Elliman
- Seller's Representative: Robert Thomson - Waterfront Properties and Club Communities
Dirk Ulrich, a German music producer, sold his oceanfront home to Marta Gutierrez after purchasing the property for $8 million in 2022.
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Juno 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93