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870 S. Ocean LLC Acquires Oceanfront Mansion From Michelle And Kevin Douglas For $37.1M

Property Image
SOLD
$37,100,000
Christian Angle
KD

Florida

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Single Family6,124 SF
Sold 03/27/2026
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Property Image
SOLD

870 S. Ocean LLC Acquires Oceanfront Mansion From Michelle And Kevin Douglas For $37.1M

870 South Ocean Boulevard

See Similar Deals
Single Family6,124 SF
Sold 03/27/2026
Christian Angle
KD
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$6,058
Total Square Footage:6,124 SF
Transaction Type:Sale

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.

Players

Christian Angle
Christian Angle Real Estate
Christian Angle
99 deals$2.7B volume(561) 659-6551
BROKER
KD
IMAX Corp
Kevin Douglas
2 deals$65.6M volume
SELLER

Details

SOLD
IMAGE: Christian Angle & Kevin Douglas DATE: 03/27/2026 ADDRESS: 870 South Ocean Boulevard MARKET: Palm Beach ASSET TYPE: Single Family ~ ACRES: 0.43 BUYER: 870 S. Ocean LLC SELLER: Michelle Douglas; Kevin Douglas - IMAX Corp BROKER: Christian Angle (@Angle_real_estate) - Christian Angle Real Estate SALE PRICE: $37,100,000 SF: 6,124 ~ PPSF: $6,058 NOTE: Kevin and Michelle Douglas sold their 6,124-square-foot oceanfront Palm Beach mansion for $37.1 million, or $6,058 per square foot, to 870 S. Ocean LLC. The home, acquired in 2021 for $28.5 million and recently renovated, features six bedrooms, seven bathrooms, two pools, a fitness room, and a beachfront cabana.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

$1,978,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$131,808.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$175,872.93
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