Matt Lill Of The Corcoran Group Represents Seller In $8.7M Condo Sale At 321 Ocean Drive
321 Ocean Drive
$8,700,000
$3,135/SF
Building Size
2,775 SF
Asset Type
Condo
Closing
Sep 15, 2026
About this deal
AI
The property involved in the transaction is a condo located at 321 Ocean Drive Unit 301 in the Miami Beach South of Fifth market. The sale price was recorded at $8,700,000, and the condo encompasses a total of 2,775 square feet, translating to a price per square foot of $3,135.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,700,000
- Address: 321 Ocean Drive Unit 301
- Market: Miami Beach South of Fifth
- Square Footage: 2,775
- Price Per Square Foot: $3,135
- Buyer's Representative: David Pulley - Sotheby's International Realty
- Seller's Representative: Matt Lill - The Corcoran Group
The deal was facilitated by David Pulley, representing the buyer through Sotheby's International Realty, and Matt Lill represented the seller through The Corcoran Group, showcasing their involvement in this significant property transaction.
On the Map
$8,700,000
$3,135/SF
Condo
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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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93