LexisNexis CEO Acquires Murano At Portofino Penthouse In Miami Beach For $5.9M
1000 South Pointe Drive
$5,900,000
$2,253/SF
Building Size
2,618 SF
Asset Type
Condo
Closing
Jun 20, 2024
About this deal
AI
The property involved in the transaction is a 2,618-square-foot condo located at 1000 South Pointe Drive in Miami Beach. The condo was sold for $5.9 million, translating to a price per square foot of $2,254.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,900,000
- Buyer: Sheila Walsh; Mike Walsh - LexisNexis
- Seller: Marci Roberts & Marc Roberts
- Brokers: Eloy Carmenate, Julian Johnston & Michael Duchon - The Corcoran Group
The seller of the condo, Marc Roberts, is a well-known nightclub entrepreneur and developer, having founded the E11even nightclub. Roberts has further real estate ventures in progress, including E11even-branded condo projects in downtown Miami and plans for an Airbnb tower near the nightclub in collaboration with partners PMG and Lion Development Group.
On the Map
$5,900,000
$2,253/SF
Condo
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Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $5.9M for 2,618 square feet (2024).
Visit Michael (Mick) Duchon to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93