1000 MT 59 LLC Acquires Condo From David Beckham For $24.625M In Miami
1000 Biscayne Boulevard
$24,625,000
$2,676/SF
Building Size
9,200 SF
Asset Type
Condo
Closing
Jan 29, 2026
AI
David Beckham, co-owner of Inter Miami CF, sold a penthouse unit at One Thousand Museum in downtown Miami. This property, located at 1000 Biscayne Boulevard, 5902, features five bedrooms and 6.5 baths, encompassing 9,200 square feet. The unit was sold off-market for a price of $24,625,000, which translates to a price per square foot of $2,677.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $24,625,000
- Buyer: 1000 MT 59 LLC
- Seller: David Beckham - Inter Miami CF
- Square Footage: 9,200
- Price per Square Foot: $2,677
- Address: 1000 Biscayne Boulevard & 5902
- Market: Miami
The transaction involved 1000 MT 59 LLC as the buyer, securing the penthouse that was originally purchased by Beckham for $19.8 million in 2020. The deal marks a notable resale gain for the seller, reflecting the changing value of luxury properties in the Miami market.
Players
Miami 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93