Michael Sivo Sells Miami Condo For $7 Million Represented By David Siddons And Renier Casanova
2821 South Bayshore Drive
$7,000,000
$2,165/SF
Building Size
3,233 SF
Asset Type
Condo
Closing
Feb 26, 2026
AI
The property asset involved in the transaction is a condo located at 2821 South Bayshore Drive Unit 5A in the Miami market. The sale price was $7,000,000, encompassing a total square footage of 3,233, which equates to a price per square foot of $2,165.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,000,000
- Address: 2821 South Bayshore Drive Unit 5A
- Market: Miami
- Square Footage: 3,233
- Price Per Square Foot: $2,165
- Seller: Michael Sivo
- Buyer's Representative: Renier Casanova - Compass
- Seller's Representative: David Siddons - Douglas Elliman
The transaction featured notable representatives, with Renier Casanova from Compass representing the buyer and David Siddons from Douglas Elliman representing the seller. This highlights the involvement of experienced professionals in facilitating the deal.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93