Mark Yaffe Of Nest Seekers International Represents Buyer In $8.45M Miami Beach Condo Sale
501 West Avenue
$8,450,000
$3,447/SF
Building Size
2,451 SF
Asset Type
Condo
Closing
Aug 21, 2026
About this deal
AI
The property involved in this transaction is a condo located at 501 West Avenue Unit 4303 in the Miami Beach market. It was sold for a price of $8,450,000 and encompasses a total area of 2,451 square feet, resulting in a price per square foot of $3,447.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,450,000
- Address: 501 West Avenue Unit 4303
- Market: Miami Beach
- Square Footage: 2,451
- Price Per Square Foot: $3,447
- Buyer's Representative: Mark Yaffe - Nest Seekers International
- Seller's Representative: Michael (Mick) Duchon - The Corcoran Group
Mark Yaffe represented the buyer in this transaction, while Michael (Mick) Duchon represented the seller. Both are affiliated with their respective agencies, facilitating the successful completion of the sale.
On the Map
$8,450,000
$3,447/SF
Condo
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Miami Beach Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93