Ronald Dickerman & Wendy Wilshin Acquire Miami Beach Condo For $11.45M
800 South Pointe Drive, Miami Beach, FL, USA
$11,450,000
$3,068/SF
Building Size
3,731 SF
Asset Type
Condo
Closing
Mar 14, 2020
AI
A luxury condo located at 800 South Pointe Drive Unit 701 in Miami Beach has been sold in a recent transaction. The property, measuring 3,731 square feet, was sold for a price of $11,450,000, resulting in a price per square foot of $3,069. The sale took place on March 15, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $11,450,000
- Address: 800 South Pointe Drive Unit 701, Miami Beach
- Market: Miami Beach
The buyer of the condo is Ronald Dickerman from Madison International Realty and Wendy Wilshin from WLW Designs Inc. On the other hand, the seller is Apogee 701 LLC. Timothy Allen Jr. from Blackstone International Realty represented the buyer in the transaction, while Luciana Barreto from Compass acted as the seller's representative.
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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93