Daniel J Hughes Sells Miami Condo For $17.5M With Luxe Properties' Angelina Escorcia
2821 S Bayshore Dr Unit UPH-A, Miami, FL 33133
$17,500,000
$2,526/SF
Building Size
6,927 SF
Asset Type
Condo
Closing
Jul 13, 2023
About this deal
AI
The recently sold property at 2821 South Bayshore Drive in Miami is a luxurious condo that was purchased for a staggering $17,500,000. Spanning across 6,927 square feet, this condo offers spacious and comfortable living spaces. With a price per square foot of $2,526, this sale sets a new record for the highest sale per square foot in Two Park Grove to date.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $17,500,000
- Square Footage: 6,927
- Price per Square Foot: $2,526
- Address: 2821 South Bayshore Drive, Miami
- Seller: Daniel J Hughes
- Broker: Angelina Escorcia
- Broker's Firm: Luxe Properties
Angelina Escorcia from Luxe Properties represented the seller, Daniel J Hughes, in this successful transaction. The sale of this condo demonstrates the expertise and negotiation skills of Angelina Escorcia and showcases the strong market demand for prestigious properties in Two Park Grove. This record-breaking deal is a testament to the desirability and allure of the condominiums in this exclusive Miami neighborhood.
On the Map
$17,500,000
$2,526/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93