Arielle Werner Of One Sotheby's International Realty Represents Buyer In $13.6M Miami Beach Condo Sale
5775 Collins Avenue
$13,600,000
$3,950/SF
Building Size
3,443 SF
Asset Type
Condo
Closing
Aug 31, 2026
About this deal
AI
The asset involved in this transaction is a condo located at 5775 Collins Avenue, Sky Residence 1501, in the Miami Beach market. The property was sold for a price of $13,600,000, encompassing a total square footage of 3,443, which equates to a price per square foot of $3,950.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,600,000
- Square Footage: 3,443
- Price per Square Foot: $3,950
- Address: 5775 Collins Avenue Sky Residence 1501
- Market: Miami Beach
- Buyer's Representative: Arielle Werner - One Sotheby's International Realty
- Seller's Representatives: Michael Light & Jaimee Light - The Light Group - Douglas Elliman
This transaction involved key representatives in the real estate sector. Arielle Werner represented the buyer through One Sotheby's International Realty, while Michael Light and Jaimee Light represented the seller as part of The Light Group at Douglas Elliman.
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
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93