Trinity Southern Sells Miami Beach Condo At 2901 Indian Creek Drive For $4.39M
2901 Indian Creek Drive
$4,390,000
$1,840/SF
Building Size
2,385 SF
Asset Type
Condo
Closing
Mar 10, 2026
AI
The property asset involved in this transaction is a condo located at 2901 Indian Creek Drive Units 501 and 502 in the Miami Beach market. The sale price for this property was $4,390,000, encompassing a total square footage of 2,385, which translates to a price per square foot of $1,840.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,390,000
- Address: 2901 Indian Creek Drive Unit 501 + 502
- Market: Miami Beach
- Seller: Trinity Southern
- Broker: Nathan Shore - Douglas Elliman
- Square Footage: 2,385
- Price per Square Foot: $1,840
Nathan Shore, representing Douglas Elliman, facilitated the transaction for the seller, Trinity Southern, in this deal under contract.
Players
Miami Beach 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93