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
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