Miami Beach Condo Sold For $2.45M With Buyer's Reps Hayley Dodge And Raymond Lord
1525 Bay Road
$2,450,000
$1,099/SF
Building Size
2,229 SF
Asset Type
Condo
Closing
Sep 8, 2026
About this deal
AI
The property asset involved in this transaction is a condo located at 1525 Bay Road in the Miami Beach market. The sale was completed for a price of $2,450,000. The condo encompasses a total square footage of 2,229, which results in a price per square foot of $1,099.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,450,000
- Address: 1525 Bay Road
- Market: Miami Beach
- Square Footage: 2,229
- Price Per Square Foot: $1,099
- Buyer's Representatives: Hayley Dodge - Compass; Raymond Lord - R3 Residences
- Seller's Representatives: Mendel Fellig & Lily Choi - Compass
Key individuals in the transaction include Hayley Dodge and Raymond Lord representing the buyer, while the seller was represented by Mendel Fellig and Lily Choi. All representatives are associated with Compass and R3 Residences, highlighting the collaborative nature of the real estate professionals involved in this deal.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $2.5M for 2,229 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93