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
About this deal
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.
On the Map
$4,700,000
$2,524/SF
Condo
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Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $4.7M for 1,862 square feet (2022).
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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