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
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