Enrico Discolo Of Discolo Real Estate Represents Buyer In Miami Beach Condo Sale For $4.6M
450 Alton Road
$4,600,000
$2,144/SF
Building Size
2,145 SF
Asset Type
Condo
Closing
Mar 15, 2026
About this deal
AI
A condo located at 450 Alton Road Apt 3201 in Miami Beach was sold for $4,600,000. The property features a square footage of 2,145, resulting in a price per square foot of $2,144.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,600,000
- Address: 450 Alton Road Apt 3201
- Market: Miami Beach
- Square Feet: 2,145
- Price per Square Foot: $2,144
- Buyer's Representative: Enrico Discolo - Discolo Real Estate
Enrico Discolo from Discolo Real Estate successfully represented the buyer in the off-market acquisition of this condo. The transaction marked a record-breaking closing for the building, demonstrating the value of local broker relationships in securing exclusive off-market opportunities.
Miami Beach 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93