Hayley Dodge Of Compass Represents Buyer In $6.25M Sale At Continuum South Beach
50 South Pointe Drive
$6,250,000
$3,891/SF
Building Size
1,606 SF
Asset Type
Condo
Closing
Mar 18, 2024
AI
The property involved in this transaction is a Condo located at 50 South Pointe Drive in Continuum South Beach, Miami Beach. The sale price for this property was $6,250,000 with an asking price of $5,750,000. Spanning 1,606 square feet, the price per square foot was $3,892.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,250,000
- Address: 50 South Pointe Drive - Continuum South Beach
- Market: Miami Beach
- Buyer's Rep: Hayley Dodge - Compass
- Seller's Rep: Inga Boutboul - One Sothebys International Realty
The sale of this property set a record-breaking price for the line type, as noted by the brokers involved in the deal, Inga Boutboul and Hayley Dodge. Inga Boutboul represented the seller through One Sothebys International Realty, while Hayley Dodge represented the buyer through Compass.
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93