Ryan Mendell Of Maxwelle Real Estate Group Represents Buyer For $12.75M Condo Sale In Bal Harbour
SOLD
$12,750,000
Florida
See Similar DealsCondo4,185 SF
Sold 06/10/2026
SOLD
Ryan Mendell Of Maxwelle Real Estate Group Represents Buyer For $12.75M Condo Sale In Bal Harbour
10203 Collins Avenue
See Similar DealsCondo4,185 SF
Sold 06/10/2026
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,046
Total Square Footage:4,185 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 10203 Collins Avenue Unit 701, in the Bal Harbour market. The asset spans 4,185 square feet and was sold for a price of $12,750,000, which translates to a price per square foot of $3,046.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,750,000
- Square Footage: 4,185
- Price Per Square Foot: $3,046
- Address: 10203 Collins Avenue Unit 701
- Market: Bal Harbour
- Seller's Representative: Ruthie Assouline, Ethan Assouline - Douglas Elliman
- Buyer's Representative: Ryan Mendell - Maxwelle Real Estate Group
This transaction was facilitated by Ruthie Assouline and Ethan Assouline, representing the seller from Douglas Elliman, while Ryan Mendell represented the buyer through Maxwelle Real Estate Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06
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