Douglas Elliman Closes $8.5M Condo Deal On Ocean Drive, Key Biscayne
360 Ocean Drive, #301-s
$8,500,000
$2,238/SF
Building Size
3,798 SF
Asset Type
Condo
Closing
Jun 24, 2024
About this deal
AI
The property at 360 Ocean Drive in Key Biscayne, a condo spanning 3,798 square feet, was recently sold for $8,500,000 at a price per square foot of $2,238.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $8,500,000
- Address: 360 Ocean Drive, Key Biscayne
- Brokers: Dana Rothman & Laura Preuss-Kuhne - Douglas Elliman
The sale was facilitated by Dana Rothman and Laura Preuss-Kuhne of Douglas Elliman, who represented the parties involved in the transaction.
The condo sale at 360 Ocean Drive, #301-s in Key Biscayne, Florida sold for $8.5M in 2024. The building is 3,798 square feet, implying about 2.2K per square foot on the published price. Dana Rothman, Laura Preuss-Kuhne, Douglas Elliman appear on the sale alongside Douglas Elliman. This page is the Key Biscayne, Florida file for the 360 Ocean Drive, #301-s condo sold: pricing, party profiles, and other closed condo comps from the same Key Biscayne sit in the Market section below. Filter that Key Biscayne condo set by closing date to see what else sold near 360 Ocean Drive, #301-s around 2024. Published consideration for 360 Ocean Drive, #301-s is $8.5M, dated 2024. Cite this Douglas Elliman Closes $8.5M Condo Deal On Ocean Drive, Key Biscayne sale when underwriting similar condo product around Key Biscayne, Florida.
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Key Biscayne Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93