Margo Fuller Of ONE Sotheby's International Realty Represents Buyer In $19.5M Miami Condo Sale
2669 South Bayshore Drive
$19,500,000
$1,937/SF
Building Size
10,065 SF
Asset Type
Condo
Closing
Aug 16, 2024
AI
A condo located at 2669 South Bayshore Drive Unit LPH-N in Miami has been sold for $19,500,000. The property encompasses 10,065 square feet, translating to a price per square foot of $1,937. This premier single-floor penthouse features 6 bedrooms, 7 bathrooms, a theater, and a wrap-around terrace with bay views. It is designed by Nick Luaces and is part of Grove at Grand Bay, which includes high-end amenities and a private 4-car garage.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $19,500,000
- Address: 2669 South Bayshore Drive Unit LPH-N
- Market: Miami
- Seller: LPH GROVE GRAND BAY LLC
- Buyer's Representative: Margo Fuller - ONE Sotheby's International Realty
- Seller's Representative: Chad Carroll - Compass
- Square Footage: 10,065
- Price per Square Foot: $1,937
Margo Fuller represented the buyer, while Chad Carroll represented the seller in this transaction. Both brokers are associated with reputable agencies, facilitating the sale of this substantial real estate asset in Miami.
Players
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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93