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2669 South Bayshore Drive

Margo Fuller Of ONE Sotheby's International Realty Represents Buyer In $19.5M Miami Condo Sale
SOLDCondo

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

Chad Carroll

Compass

Broker

$1.7B

vol

84 deals

Broker

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