SOLDCondo
Miami Beach Condo At 50 South Pointe Drive Unit 1601 Sold For 12.75M
50 South Pointe Drive
$12,750,000
$3,646/SF
Building Size
3,497 SF
Asset Type
Condo
Closing
Jul 28, 2025
AI
A condo at 50 South Pointe Drive Unit 1601 in Miami Beach sold for $12,750,000. The property spans 3,497 square feet, with a price per square foot of $3,645.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $12,750,000
- Address: 50 South Pointe Drive Unit 1601
- Market: Miami Beach
- Asset Type: Condo
- Square Footage: 3,497
- Price Per Square Foot: $3,645
- Brokers: Julian Johnston - The Corcoran Group
- Brokers: Mick Duchon - The Corcoran Group
- Brokers: Eloy Carmenate - The Corcoran Group
The Corcoran Group coordinated the deal in Miami Beach, with Julian Johnston, Mick Duchon and Eloy Carmenate acting as the brokers in the transaction. The closing occurred on 07/29/2025.
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
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93