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
About this deal
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.
On the Map
$9,050,000
$1,073/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $9.1M for 8,434 square feet (2025).
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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