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2900 Northeast 7th Avenue

Scott Minerd's Estate Sells Penthouse 5102 In Miami For $9.05M With Bryan Sereny & Bill Hernandez As Reps
SOLDCondo

Scott Minerd's Estate Sells Penthouse 5102 In Miami For $9.05M With Bryan Sereny & Bill Hernandez As Reps

2900 Northeast 7th Avenue

$9,050,000

$1,073/SF

Building Size

8,434 SF

Asset Type

Condo

Closing

Aug 1, 2025

AI

The condo located at 2900 Northeast 7th Avenue Unit 5102 in Miami has been sold for $9,050,000. The property spans 8,434 square feet and includes six bedrooms and eight bathrooms. This unit was part of a larger vision planned by Scott Minerd to create a 22,547 square foot mega-penthouse before his passing in 2022.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $9,050,000
  • Square Footage: 8,434
  • Price Per Square Foot: $1,073
  • Address: 2900 Northeast 7th Avenue Unit 5102
  • Market: Miami
  • Seller's Representative: Bryan Sereny & Bill Hernandez - Douglas Elliman
  • Broker: Danny Hertzberg - Coldwell Banker

This sale involved key players in the real estate market, including Bryan Sereny and Bill Hernandez, who represented the seller, and broker Danny Hertzberg, who facilitated the transaction. The buyer remains undisclosed.

Players

Bryan Sereny

Douglas Elliman

Broker

$247.7M

vol

20 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

1.75%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93