Updated Dec 4, 2024
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
About this deal
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.
Players
Juno Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.6K per square foot on a published $10M for 3,800 square feet (2024).
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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