George Collazo Jr. & Ryan Hernandez Of The Source Real Estate Represent Buyer In Miami Beach Condo Sale For $9.5M
SOLD
$9,500,000
Florida
See Similar DealsCondo5,450 SF
Sold 02/06/2026
SOLD
George Collazo Jr. & Ryan Hernandez Of The Source Real Estate Represent Buyer In Miami Beach Condo Sale For $9.5M
300 South Pointe Drive
See Similar DealsCondo5,450 SF
Sold 02/06/2026
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,743
Total Square Footage:5,450 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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