Charles Leclerc Acquires Condo At Edition Residences Miami From Taylor Collins
2121 North Bayshore Drive
Building Size
—
Asset Type
Condo
Closing
Apr 30, 2024
AI
A waterfront "Signature Residence" at the Edition Residences in Miami's Edgewater neighborhood has been purchased by Formula 1 racer Charles Leclerc. The development, set to debut in three years, offers condos starting at $3.1 million, featuring expansive terraces and panoramic views of Miami Beach and Biscayne Bay. The specific details of Leclerc's unit, spanning floors 10 to 40 of the 55-story tower, remain undisclosed. The Edition Residences come with luxury amenities like lush gardens, a cabana-lined pool, fitness facilities, and a high-tech racing simulator.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: Not disclosed
- Buyer: Charles Leclerc
- Seller: Taylor Collins - Two Roads Development
- Buyer's Rep: Hans Baumgartner
- Seller's Rep: Adriana Molina - Douglas Elliman
- Address: 2121 North Bayshore Drive, Miami
- Market: Miami
Charles Leclerc, a renowned Formula 1 racer, has made a significant real estate investment by purchasing a prestigious residence in a highly anticipated Miami development. Represented by Hans Baumgartner, Leclerc acquired a prime property in a vibrant neighborhood, with the transaction facilitated by Adriana Molina from Douglas Elliman on behalf of the seller Taylor Collins of Two Roads Development.
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Miami 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93