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50 South Pointe Drive

Miami Beach Condo At 50 South Pointe Drive Unit 1601 Sold For 12.75M
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

Eloy Carmenate

The Corcoran Group

Broker

$584.2M

vol

32 deals

Broker
The Corcoran Group
The Corcoran GroupBrokerage

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