Updated Mar 5, 2026
Michelle & Kevin Douglas Sell Oceanfront Estate In Palm Beach For $43.9 Million
870 South Ocean Boulevard
$43,900,000
$7,196/SF
Building Size
6,100 SF
Asset Type
Single Family
Closing
Mar 4, 2026
About this deal
AI
The property located at 870 South Ocean Boulevard in Palm Beach is an oceanfront estate comprising 6,100 square feet on a 0.4-acre lot. It entered under contract with a listed price of $43,900,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $43,900,000
- Address: 870 South Ocean Boulevard
- Market: Palm Beach
- Seller: Michelle & Kevin Douglas
- Broker: Christian Angle - Christian Angle Real Estate
- Price per Square Foot: $7,197
The estate went pending after hitting the market in November, initially purchased by Kevin Douglas and his wife for $28.5 million in 2021. The broker representing this transaction is Christian Angle from Christian Angle Real Estate.
On the Map
$43,900,000
$7,196/SF
Single Family
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Palm 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93