Cameron Wells Acquires Condo In Miami Beach From Phenom Ventures For $2.4M
801 South Pointe Drive, Miami Beach, Florida 33139, United States
$2,407,777
$1,390/SF
Building Size
1,732 SF
Asset Type
Condo
Closing
Jan 31, 2022
About this deal
AI
The property involved in this transaction is a condo located at 801 S Pointe Dr in Miami Beach. The condo spans 1,732 square feet and has a price per square foot of $1,390. The sale, which took place on January 31, 2022, was facilitated by Edward Guiardinu. The buyer, Cameron Wells, purchased the property from Phenom Ventures. Edward Guiardinu represented the buyer as the broker from LUXE Properties. The sale price for the condo was $2,407,777.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,407,777
- Address: 801 S Pointe Dr, Miami Beach
- Square Footage: 1,732
- Price per Square Foot: $1,390
- Buyer: Cameron Wells
- Seller: Phenom Ventures
- Buyer's Representative: Edward Guiardinu - LUXE Properties
The sale of this condo represents a significant transaction in the Miami Beach real estate market. Cameron Wells, supported by his broker representative Edward Guiardinu from LUXE Properties, successfully negotiated the purchase of this property from Phenom Ventures. The sale price of $2,407,777 reflects the demand for condos in this desirable Miami Beach location.
On the Map
$2,407,777
$1,390/SF
Condo
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Miami Beach Condo Market Snapshot
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About $1.4K per square foot on a published $2.4M for 1,732 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.59%
Cash-on-Cash
-1.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93