Eddy Martinez And Roland Ortiz Facilitate $23.5M Sale Of Miami Beach Condo At Icon South Of Fifth
450 Alton Road
$23,500,000
$2,599/SF
Building Size
9,039 SF
Asset Type
Condo
Closing
Jun 29, 2026
AI
The property involved in this transaction is a condo located at 450 Alton Road PH 1 in Miami Beach. It has a total square footage of 9,039 and was sold for a price of $23,500,000. The price per square foot for this property is $2,599.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $23,500,000
- Square Footage: 9,039
- Price per Square Foot: $2,599
- Address: 450 Alton Road PH 1
- Market: Miami Beach
- Buyer & Seller's Rep: Eddy Martinez & Roland Ortiz - ONE Sotheby's International Realty
This sale represents an all-time record at Icon South of Fifth, highlighting the significance of the transaction within the market. The individuals involved in representing the buyer and seller played key roles in this record-setting sale.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93