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9700 West Bay Harbor Drive

ABH Developer Group Sells AIRE Residences Condo In Bay Harbor Islands For $6.5M
SOLDCondo

ABH Developer Group Sells AIRE Residences Condo In Bay Harbor Islands For $6.5M

9700 West Bay Harbor Drive

$6,500,000

$1,857/SF

Building Size

3,500 SF

Asset Type

Condo

Closing

Apr 30, 2025

AI

The property asset involved in this transaction is a condo located at AIRE Residences, 9700 West Bay Harbor Drive in Bay Harbor Islands. The sale was finalized for $6,500,000, representing a price per square foot of $1,857 for a total living space of 3,500 square feet, complemented by a 750 square foot terrace.

Summary of transation details:

  • Property Type: Condo
  • Transaction Amount: $6,500,000
  • Address: AIRE Residences - 9700 West Bay Harbor Drive
  • Market: Bay Harbor Islands
  • Square Footage: 3,500 SF
  • Price Per Square Foot: $1,857
  • Seller: ABH Developer Group
  • Broker: Ariel Teodoro Hollender - Compass

Ariel Teodoro Hollender represents the seller, ABH Developer Group, in this transaction. The Lower Penthouse was sold as part of a one-of-a-kind collection of eight waterfront residences that aim to redefine luxe living in Bay Harbor Islands. For inquiries about the remaining developer units at AIRE Residences, interested parties can contact Ariel Hollender.

Players

Ariel Teodoro Hollender

Compass

Broker

$22.8M

vol

12 deals

Broker
AG
ABH Developer GroupSeller

Bay Harbor Islands 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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93