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733 North Ocean Boulevard

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

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

733 North Ocean Boulevard

$19,200,000

$3,000/SF

Building Size

6,400 SF

Asset Type

Single Family

Closing

Mar 19, 2026

AI

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 Malinosky

Douglas Elliman

Broker

$526.4M

vol

21 deals

Broker

Edward Farscht

Diamond Communications

Buyer

$19.2M

vol

1 deal

Buyer

Delray 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93