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100 South Pointe Drive

Catherine Montgomery Buys James S. Chanos' Miami Beach Condo For $17.8M
SOLDCondo

Catherine Montgomery Buys James S. Chanos' Miami Beach Condo For $17.8M

100 South Pointe Drive

$17,800,000

$3,727/SF

Building Size

4,776 SF

Asset Type

Condo

Closing

May 15, 2024

AI

The Condo property located at 100 South Pointe Drive Unit 2203 in Miami Beach was sold for $17,800,000. The condo spans 4,776 square feet and was sold at a price per square foot of $3,727. The seller, James S. Chanos of Kynikos Associates, sold the unit to buyer Catherine Montgomery.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $17,800,000
  • Address: 100 South Pointe Drive Unit 2203
  • Market: Miami Beach

The deal was facilitated by Crystal Connors, Eddy Martinez, and Roland Ortiz from One Sotheby's International Realty, representing the seller, James S. Chanos. On the buyer's side, Kevin Crego from Compass assisted Catherine Montgomery in acquiring the property. Noteworthy is the significant appreciation in value of the property since its last trade in 2003, with a notable gain for James S. Chanos.

Players

Kevin Crego

Compass

Broker

$48.4M

vol

5 deals

Broker

Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.89%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93