Eric Broad Of The Corcoran Group Represents Buyer In $3.75M Miami Beach Condo Sale
1300 Monad Ter
$3,750,000
$1,652/SF
Building Size
2,269 SF
Asset Type
Condo
Closing
Mar 27, 2026
AI
The property asset involved in this transaction is a condo located at 1300 Monad Ter Unit 8D in Miami Beach. The sale price for this property was set at $3,750,000, with a total square footage of 2,269, resulting in a price per square foot of $1,652.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,750,000
- Address: 1300 Monad Ter Unit 8D
- Market: Miami Beach
- Square Footage: 2,269
- Price Per Square Foot: $1,652
- Buyer's Representative: Eric Broad - The Corcoran Group
- Seller's Representatives: Joshua Winarick & Michael Duchon - The Corcoran Group
The transaction included key individuals such as Eric Broad, representing the buyer, and both Joshua Winarick and Michael Duchon, who represented the seller. Notably, a comment from the seller's representative highlights the unexpected sources for finding buyers, mentioning that in this case, the right buyer was identified through an Instagram post before the unit was officially listed, emphasizing the effectiveness of internal marketing at Corcoran.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93