facebook
Traded Co logo
Submit
Daily limit: 0/10

Carole Smith & Cristina Formosa Broker $13M Sale Of Miami Penthouse At Mr. C Residences

Property Image
SOLD
$13,000,000
Carole Smith
Cristina Formosa

Florida

See Similar Deals
Condo
Sold 09/04/2024
the dealplayerscompscontact
Property Image
SOLD

Carole Smith & Cristina Formosa Broker $13M Sale Of Miami Penthouse At Mr. C Residences

2655 South Bayshore Drive

See Similar Deals
Condo
Sold 09/04/2024
Carole Smith
Cristina Formosa
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Transaction Type:Sale

A penthouse at 2655 South Bayshore Drive Unit LPH01 in Miami's Mr. C Residences sold for $13 million. This luxury condo features expansive panoramic views and world-class amenities, defining a sophisticated lifestyle in Coconut Grove.

Summary of transaction details:

The transaction was facilitated by Carole Smith and Cristina Formosa, both representatives from Compass. They played a vital role in the successful completion of this sale within the competitive Miami real estate market.

Players

Carole Smith
Compass
Carole Smith
2 deals$17.6M volume(305) 710-1010
BROKER
Cristina Formosa
Compass
Cristina Formosa
2 deals$17.6M volume(305) 773-0679
BROKER

Details

SOLD
IMAGE: Carole Smith & Cristina Formosa DATE: 09/04/2024 ADDRESS: 2655 South Bayshore Drive Unit LPH01 MARKET: Miami ASSET TYPE: Condo BROKERS: Carole Smith (@CaroleSmithrealtor) & Cristina Formosa (@CristinaFormosarealtor) - Compass SALE PRICE: $13,000,000 NOTE: A penthouse at 2655 South Bayshore Drive Unit LPH01 in Miami's Mr. C Residences sold for $13M, brokered by Carole Smith of Compass and Cristina Formosa. The luxury condo boasts panoramic views and world-class amenities, epitomizing sophisticated living in Coconut Grove.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$693,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59