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7292 Fisher Island Drive, M...

Oliver Lloyd Acquires Fisher Island Condo In Miami Beach For $20M
SOLD

Oliver Lloyd Acquires Fisher Island Condo In Miami Beach For $20M

7292 Fisher Island Drive, Miami Beach, FL, USA

$20,000,000

$3,241/SF

Building Size

6,170 SF

Asset Type

Closing

Nov 29, 2020

AI

A luxury condo located at 7292 Fisher Island Drive PH7292 in Miami Beach has been sold for a record-breaking price of $20,000,000. The spacious property spans 6,170 square feet, resulting in a price per square foot of $3,242. The transaction was finalized on November 30, 2020, making it one of the most notable sales in the area.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $20,000,000

The buyer's representative for this prestigious purchase was Oliver Lloyd from Douglas Elliman, who played a crucial role in ensuring a successful deal. On the seller's side, Dora Puig from Luxe Living Realty represented the property's owner and managed the sale process.

This remarkable sale reflects the enduring popularity and desirability of the Miami Beach market. The stunning condo at 7292 Fisher Island Drive PH7292 is a testament to luxurious living with its spacious layout and high-class amenities. The buyer's representative, Oliver Lloyd, and the seller's representative, Dora Puig, showcased their expertise in the real estate industry by successfully facilitating this transaction at such a remarkable price.

Players

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

87 deals

Broker

Miami Beach 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93