—Condo
Tony Robbins Buys $28 Million Penthouse At Waldorf Astoria Miami With Rick Teed As Buyer's Rep
300 Biscayne Boulevard
Building Size
7,000 SF
Asset Type
Condo
Closing
Dec 18, 2024
AI
The transaction involves a condo located at 300 Biscayne Boulevard in Miami, with a price of $28,000,000. This penthouse spans 7,000 square feet, amounting to a price per square foot of $4,000. The building, Waldorf Astoria Hotel & Residences Miami, will be the first supertall tower in the area upon its completion in 2028.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $28,000,000
- Buyer: Tony Robbins
- Buyer's Representative: Rick Teed - The Agency
- Seller's Representative: Aura Aragon - PMG Residential
- Square Footage: 7,000
- Price per Square Foot: $4,000
Life coach Tony Robbins is securing a space for his family office within the building. The unit features a private plunge pool, terrace views, and incorporates smart home technology.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · All transaction types transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93