Eagle Seven Trading Acquires Miami Beach Condo For $11.65M
800 South Pointe Drive, Miami Beach, FL, USA
$11,650,000
$2,804/SF
Building Size
4,154 SF
Asset Type
Condo
Closing
May 28, 2021
About this deal
AI
A 4,154-square-foot condo located at 800 South Pointe Drive Unit 804 in Miami Beach has been sold for a total price of $11,650,000. The property, characterized by its spacious layout and prime location, was purchased by Chris Lorenzen, representing Eagle Seven Trading. The seller, Richard W. Gray III, was represented by DJR Advisors.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $11,650,000
- Address: 800 South Pointe Drive Unit 804, Miami Beach
- Market: Miami Beach
- Buyer: Chris Lorenzen - Eagle Seven Trading
- Seller: Richard W. Gray III - DJR Advisors
Scott Betten from Income Real Estate served as the buyer's representative in this transaction, while Kathy Green from Coldwell Banker Realty represented the seller. With a price per square foot of $2,805, this sale highlights the robust real estate market in Miami Beach.
On the Map
$11,650,000
$2,804/SF
Condo
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Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.8K per square foot on a published $11.7M for 4,154 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93