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50 South Pointe Drive, Miam...

David And Holly Willson Acquire Miami Beach Condo For $4.7M
SOLDCondo

David And Holly Willson Acquire Miami Beach Condo For $4.7M

50 South Pointe Drive, Miami Beach, Florida 33139, United States

$4,700,000

$2,524/SF

Building Size

1,862 SF

Asset Type

Condo

Closing

May 20, 2022

AI

A condominium unit located at 50 South Pointe Dr in Miami Beach has been sold for a price of $4,700,000. The property spans 1,862 square feet, resulting in a price per square foot of $2,524. The sale took place on May 20, 2022.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $4,700,000
  • Address: 50 South Pointe Dr, Miami Beach
  • Square Footage: 1,862
  • Price per Square Foot: $2,524

The buyers, David and Holly Willson, have acquired the condominium unit. The deal was facilitated by brokers Alex Algarin from Compass and Kayce Driscoll from Douglas Elliman. Alex Algarin represented the buyers while Kayce Driscoll represented the sellers in this transaction.

Players

Kayce Driscoll

Douglas Elliman

Broker

$21.6M

vol

4 deals

Broker

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

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93