Daniel E. Edwards Purchases Horizon Of Delray Beach Co-Op For $18 Million With Mortgage

The co-op, located at 1191 South Ocean Boulevard in Delray Beach, was built in 1952 and consists of 10 units. It sold for $18 million, resulting in a price per unit of $1.8 million.

Summary of transaction details:

• Property Type: Co-Op
• Transaction Amount: $18,000,000
• Buyer: Daniel E. Edwards - 1191 S. Ocean Blvd LLC
• Lender: 1191 S. Ocean CJ LLC
• Units: 10
• Price Per Unit: $1,800,000

The sale was approved by the co-op board and indicates potential redevelopment opportunities. Daniel E. Edwards, who secured a $10 million mortgage, already owns one of the units and possesses multiple high-value properties in the area.

Learn More: Daniel E. Edwards Purchases Horizon Of Delray Beach Co-Op For $18 Million With Mortgage