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
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