Updated Mar 31, 2026
870 S. Ocean LLC Acquires Oceanfront Mansion From Michelle And Kevin Douglas For $37.1M
870 South Ocean Boulevard
$37,100,000
$6,058/SF
Building Size
6,124 SF
Asset Type
Single Family
Closing
Mar 27, 2026
About this deal
AI
The property involved in this transaction is a single-family home located at 870 South Ocean Boulevard in Palm Beach. The mansion encompasses 6,124 square feet and sits on a 0.43-acre lot. It was sold for $37,100,000, which translates to a price per square foot of $6,058.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $37,100,000
- Address: 870 South Ocean Boulevard
- Market: Palm Beach
- Square Footage: 6,124 SF
- Price per Square Foot: $6,058
- Buyer: 870 S. Ocean LLC
- Seller: Michelle Douglas; Kevin Douglas - IMAX Corp
- Broker: Christian Angle - Christian Angle Real Estate
- Acquisition of Property by Seller: 2021 for $28,500,000
Kevin and Michelle Douglas were the sellers in this transaction and facilitated the sale through their representation by broker Christian Angle. The property has undergone recent renovations and includes features such as six bedrooms, seven bathrooms, two pools, a fitness room, and a beachfront cabana.
On the Map
$37,100,000
$6,058/SF
Single Family
View full map
Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
Visit Christian Angle to view all their deals.
Browse Palm Beach single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93