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Origin Residences Sells Four Condos For $11.95M With David Siddons And Stefania Cambarau As Buyer's Reps

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SOLD
$11,946,000
David Siddons
Matias Alem
+ 1

Florida

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Condo6,952 SF
Sold 06/23/2025
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Property Image
SOLD

Origin Residences Sells Four Condos For $11.95M With David Siddons And Stefania Cambarau As Buyer's Reps

9760 West Bay Harbor Drive, 9760 West Bay Harbor Drive, 9760 West Bay Harbor Drive & 9760 West Bay Harbor Drive

See Similar Deals
Condo6,952 SF
Sold 06/23/2025
David Siddons
Matias Alem
+ 1
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,718
Total Square Footage:6,952 SF
Transaction Type:Sale

The asset involved in this closed transaction is a condo located at 9760 West Bay Harbor Drive, encompassing units 503, 304, 703, and 602 within the Bay Harbor Islands market. The total sale price for these properties amounted to $11,946,000, with a combined square footage of 7,492, resulting in a price per square foot of $1,594.51.

Summary of transaction details:

This transaction signifies the continued demand for waterfront living, highlighted by the unique design and elegance of the residences at Origin. The latest sales have contributed to over 80% of the units being sold, with the most recent buyers including representatives from multiple real estate agencies who played crucial roles in the closing of these transactions.

Players

Matias Alem
33 deals$224.3M volume
BROKER

David Siddons
Douglas Elliman
12 deals$122.3M volume
BROKER

Stefania Cambarau
Douglas Elliman
2 deals$20.9M volume
BROKER

Andres Campos
Miami New Realty
1 deal$11.9M volume(786) 343-4520
BROKER

BRG International
BROKERAGE


Details

SOLD
IMAGE: Andres Campos, Matias Alem, Stefania Cambarau & David Siddons DATE: 04/27/25 ADDRESS: 9760 West Bay Harbor Drive Unit 503, 304, 703 & 602 MARKET: Bay Harbor Islands ASSET TYPE: Condo SELLER: Origin Residences (@OriginResidences) BUYER'S REP: David Siddons (@TheDavidSiddonsGroup) & Stefania Cambarau - Douglas Elliman (@DouglasElliman); Matias Alem (@MatiasAlembrg) - BRG International (@BRGIntl); Andres Campos - Miami New Realty SALE PRICE: $11,946,000 SF: 7,492 ~ PPSF: $1,594.51 NOTE FROM BROKER: The demand for waterfront living with Artefacto’s signature touch continues to soar. Origin Residences in Bay Harbor Islands has just closed four more residences, bringing us to over 80% sold. Now is the time to act. These latest sales are a testament to Origin’s one-of-a-kind blend of modern architecture, warm Brazilian design, and the effortless elegance of life by the water. Just Sold: Unit 503 – Matias Alem, BRG International Real Estate Unit 304 – Andres Campos, Miami New Realty Unit 703 – Stefania Cambarau and David Siddons, Douglas Elliman Unit 602 - Private

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$637,120.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,441.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,630.13
Annual Debt Service$679,561.61