Cara Zuraksi Of 755 N Ocean LLC Purchases Oceanfront Mansion From Paul J.H. Schoemaker For $17.5M
755 North Ocean Boulevard
$17,500,000
$1,961/SF
Building Size
8,923 SF
Asset Type
Single Family
Closing
Jun 12, 2025
AI
The property asset involved in this transaction is a single-family home located at 755 North Ocean Boulevard in Delray Beach. The property spans 8,923 square feet and is situated on 0.48 acres. It was sold for a total price of $17,500,000, reflecting a price per square foot of $1,961.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,500,000
- Address: 755 North Ocean Boulevard
- Market: Delray Beach
- Square Footage: 8,923
- Price per Square Foot: $1,961
- Buyer: Cara Zuraksi - 755 N Ocean LLC
- Seller: Paul J.H. Schoemaker & Joyce A. Schoemaker
- Buyer's Representative: Maximo Cortese - Tangent Realty
- Seller's Representatives: Nick Malinosky & Michael O'Connor - Douglas Elliman
This transaction highlights the key individuals involved, including Cara Zuraksi, who manages the buying entity 755 N Ocean LLC based in Houston. The sellers, Paul and Joyce Schoemaker, were represented by Nick Malinosky and Michael O'Connor from Douglas Elliman. Maximo Cortese from Tangent Realty acted as the representative for the buyer, facilitating the sale amid high demand for waterfront homes.
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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93