Jordan Karp Of Jordan Karp LLC Represents Buyer In $10.6M Condo Sale In Miami Beach
50 South Pointe Drive
$10,600,000
$4,596/SF
Building Size
2,306 SF
Asset Type
Condo
Closing
Jul 2, 2026
AI
The property asset involved in this transaction is a condo located at 50 South Pointe Drive in the Miami Beach market. The unit encompasses 2,306 square feet and was sold for $10,600,000, resulting in a price per square foot of $4,596.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $10,600,000
- Square Footage: 2,306
- Price per Square Foot: $4,596
- Address: 50 South Pointe Drive
- Market: Miami Beach
- Buyer's Representative: Jordan Karp - Jordan Karp LLC
- Seller's Representative: Michael Duchon - The Corcoran Group
The key individuals involved in this transaction include Jordan Karp, who represented the buyer, and Michael Duchon, who represented the seller. Both agents are affiliated with their respective companies, facilitating the successful closure of this real estate deal.
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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93