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755 North Ocean Boulevard

Cara Zuraksi Of 755 N Ocean LLC Purchases Oceanfront Mansion From Paul J.H. Schoemaker For $17.5M
SOLDSingle Family

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

Nicholas Malinosky

Douglas Elliman

Broker

$526.4M

vol

21 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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