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1300 Monad Ter

Eric Broad Of The Corcoran Group Represents Buyer In $3.75M Miami Beach Condo Sale
SOLDCondo

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

Michael Duchon

The Corcoran Group

Broker

$678.7M

vol

37 deals

Broker

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