SOLD
Trinity Southern Sells Condo At 2901 Indian Creek Drive In Miami Beach For $2,194,500
2901 Indian Creek Drive Unit 303
$2,194,500
$1,900/SF
Building Size
1,155 SF
Asset Type
—
Closing
May 26, 2026
AI
This transaction involves a condominium located at 2901 Indian Creek Drive Unit 303, within the Miami Beach market. The sale price for the property was $2,194,500, with a total area of 1,155 square feet, resulting in a price per square foot of $1,900.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $2,194,500
- Seller: Trinity Southern
- Broker: Albert Bell - The Nicolas Group - Serhant
- Outside Broker: Lucas Redfern - Compass
- Market: Miami Beach
- Scheduled Completion: 2027
Albert Bell represented the seller, Trinity Southern, while Lucas Redfern acted as the outside broker for this transaction. The property is part of an exclusive development at 29 Indian Creek, which offers a limited number of pied-à-terre opportunities and includes access to the Beach Club at The Miami Beach EDITION.
Players
Florida CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.23%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93