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Lynn Jaeger And Edward Farscht Acquire Oceanfront Home In Delray Beach For $19.2M

Property Image
SOLD
$19,200,000
Amy Lynn Mccabe

Florida

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Single Family6,400 SF
Sold 03/19/2026
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Property Image
SOLD

Lynn Jaeger And Edward Farscht Acquire Oceanfront Home In Delray Beach For $19.2M

733 North Ocean Boulevard

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Single Family6,400 SF
Sold 03/19/2026
Amy Lynn Mccabe
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,000
Total Square Footage:6,400 SF
Transaction Type:Sale

A single-family oceanfront home located at 733 North Ocean Boulevard in Delray Beach, has been sold for $19,200,000. The property spans 6,400 square feet, resulting in a price per square foot of $3,000. The sale price fell below the initial asking price of $21.9 million.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $19,200,000
  • Address: 733 North Ocean Boulevard
  • Market: Delray Beach
  • Square Footage: 6,400
  • Price per Square Foot: $3,000
  • Buyer: Lynn Jaeger; Edward Farscht - Diamond Communications
  • Seller: Maurice & Christina Sciammas
  • Buyer's Representative: Amy Lynn Mccabe - Serhant
  • Seller's Representative: Nick Malinosky - Douglas Elliman

Edward Farscht and Lynn Jaeger acquired the property from Maurice and Christina Sciammas, who had purchased it previously for $14.3 million in 2021. Nick Malinosky represented the sellers in this transaction while Amy Lynn Mccabe represented the buyers.

Players

Nicholas (Nick) Malinosky
20 deals$459.4M volume
BROKER

Amy Lynn Mccabe
Serhant
2 deals$23.1M volume(561) 436-4959
BROKER

Details

SOLD
IMAGE: Edward Farscht, Amy Lynn Mccabe & Nick Malinosky DATE: 03/19/2026 ADDRESS: 733 North Ocean Boulevard MARKET: Delray Beach ASSET TYPE: Single Family BUYER: Lynn Jaeger; Edward Farscht - Diamond Communications SELLER: Maurice & Christina Sciammas BUYER'S REP: Amy Lynn Mccabe - Serhant (@Serhant) SELLER'S REP: Nick Malinosky (@RandyandNick) - Douglas Elliman (@DouglasElliman) SALE PRICE: $19,200,000 SF: 6,400 ~ PPSF: $3,000 NOTE: Edward Farscht and Lynn Jaeger sold a 6,400-sf oceanfront home at 733 N Ocean Blvd in Delray Beach for $19.2M to a trust tied to Maurice Sciammas and Christina Sciammas, below a $21.9M ask.Sellers bought for $14.3M in 2021; Nick Malinosky represented the listing and Amy Lynn Mccabe brought the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,024,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$68,213.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$91,017.80
Annual Debt Service$1,092,213.54