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2655 South Bayshore Drive

Banna Fakhoury Of One Sotheby’s International Realty Represents Buyer In $6M Miami Condo Sale
SOLDCondo

Banna Fakhoury Of One Sotheby’s International Realty Represents Buyer In $6M Miami Condo Sale

$6,000,000

$2,287/SF

Building Size

2,623 SF

Asset Type

Condo

Closing

Dec 29, 2026

AI

A condo located in Miami has been successfully sold for $6,000,000. The property spans 2,623 square feet, resulting in a price per square foot of $2,287.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $6,000,000
  • Square Footage: 2,623
  • Price per Square Foot: $2,287
  • Buyer's Representative: Banna Fakhoury - One Sotheby’s International Realty
  • Seller's Representative: John Wilson - Douglas Elliman
  • Date of Transaction: 12/30/2026

The transaction was facilitated swiftly, with the contract reaching closure in less than 7 days during the holiday season, as noted by the buyer's representative, marking a record-breaking timeframe for such a deal.

Players

Banna Fakhoury

One Sotheby’s International Realty

Broker

$22M

vol

3 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93