Benjamin Bavly Of BlackStar Capital Purchases Waterfront Mansion In Gulf Stream For $15.91M
8 Driftwood Landing Road
$15,914,000
$2,182/SF
Building Size
7,293 SF
Asset Type
Single Family
Closing
Oct 1, 2025
AI
A single-family asset located at 8 Driftwood Landing Road in Gulf Stream, Florida has been sold for $15,914,000. The property encompasses 1.12 acres and features a total square footage of 7,293. The price per square foot for this transaction is $2,182.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,914,000
- Address: 8 Driftwood Landing Road
- Market: Gulf Stream
- Acres: 1.12
- Square Footage: 7,293
- Price Per Square Foot: $2,182
- Buyer: Benjamin Bavly - BlackStar Capital
- Seller: James D. Terlizzi & Laura Terlizzi
- Brokers: Candace Friis & Phillip Friis - The Corcoran Group
- Mortgage Provider: Brora 0418 LLC
Benjamin J. Bavly, the CEO of BlackStar Capital, acquired the waterfront mansion through Zee El Ocho LLC. The sellers, James and Laura Terlizzi, were represented by brokers Candace and Phillip Friis from The Corcoran Group.
Players
Delray Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.00%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93