Miami Beach Condo At 50 South Pointe Drive Unit 1601 Sold For 12.75M
SOLD
$12,750,000
Florida
See Similar DealsCondo3,497 SF
Sold 07/29/2025
SOLD
Miami Beach Condo At 50 South Pointe Drive Unit 1601 Sold For 12.75M
50 South Pointe Drive
See Similar DealsCondo3,497 SF
Sold 07/29/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,646
Total Square Footage:3,497 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06
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