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

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.