Property Ventures Of Marin, Inc. Acquires Condo At 1000 South Pointe Drive In Miami Beach
1000 South Pointe Drive # 801, Miami Beach, Fl 33139
$8,250,000
$2,451/SF
Building Size
3,365 SF
Asset Type
Condo
Closing
Feb 3, 2023
AI
Located at 1000 South Pointe Drive in Miami Beach, this condo was recently sold in a closed transaction. Spanning across 3,365 square feet, this property offers a spacious living space for the new owner. The sale price for this condo was $8,250,000, which translates to a price per square foot of $2,452.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,250,000
- Address: 1000 South Pointe Drive, Miami Beach
- Square Footage: 3,365
Property Ventures Of Marin, Inc. acquired this condo through their representative, Ekaterina Sizenova from Big International Realty. Representing the seller, Pablo Alfaro from Douglas Elliman facilitated the deal. The property boasts a modern design and desirable location, contributing to its attractiveness in the market.
Players
Market 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
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93