George Collazo Jr. & Ryan Hernandez Of The Source Real Estate Represent Buyer In Miami Beach Condo Sale For $9.5M
300 South Pointe Drive
$9,500,000
$1,743/SF
Building Size
5,450 SF
Asset Type
Condo
Closing
Feb 5, 2026
About this deal
AI
This transaction involves a condo located at 300 South Pointe Drive Unit TH-3105 in the Miami Beach market. The unit comprises 5,450 square feet and was sold for $9,500,000, which is approximately $1,743 per square foot. The asking price for the property was $10,800,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,500,000
- Address: 300 South Pointe Drive Unit TH-3105
- Market: Miami Beach
- Square Footage: 5,450
- Price per Square Foot: $1,743
- Buyer's Representative: George Collazo Jr. & Ryan Hernandez - The Source Real Estate
This sale marks the highest sold unit in the Portofino building in the last three years, reflecting a significant achievement in the local real estate market.
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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93