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2821 South Bayshore Drive

Alex Spiro And Kate Spiro Sell Miami Condo For $6.3 Million With Douglas Elliman Brokers
SOLDCondo

Alex Spiro And Kate Spiro Sell Miami Condo For $6.3 Million With Douglas Elliman Brokers

2821 South Bayshore Drive

$6,300,000

$2,423/SF

Building Size

2,600 SF

Asset Type

Condo

Closing

May 8, 2026

AI

The property involved in the transaction is a condo located at 2821 South Bayshore Drive in Miami, FL. The asset comprises a three-bedroom unit with a total area of 2,600 square feet and was sold for $6,300,000, resulting in a price per square foot of $2,423.

Summary of transation details:

  • Property Type: Condo
  • Transaction Amount: $6,300,000
  • Address: 2821 South Bayshore Drive
  • Market: Miami, FL
  • Seller: Kate Spiro & Alex Spiro
  • Buyer's Representative: Jaclyn Bild Smith - J&S Group - Douglas Elliman
  • Seller's Representatives: Daniel Dougherty & Annie de la Rosa - Douglas Elliman
  • Square Footage: 2,600
  • Price per Square Foot: $2,423

Attorney Alex Spiro, a partner at Quinn Emanuel, sold the penthouse unit, which was transferred to a trust. The transaction was facilitated by Daniel Dougherty and Annie De La Rosa from Douglas Elliman, representing the sellers in the deal.

Players

Jaclyn Bild

Douglas Elliman

Broker

$82.2M

vol

11 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Alex Spiro

Seller

$6.3M

vol

1 deal

Seller

Market 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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93