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100 South Pointe Drive

Jonathan Smith Purchases Record-Breaking Condo From Werner Peifer For $5 Million In Miami Beach
SOLDCondo

Jonathan Smith Purchases Record-Breaking Condo From Werner Peifer For $5 Million In Miami Beach

100 South Pointe Drive

$5,000,000

$2,673/SF

Building Size

1,870 SF

Asset Type

Condo

Closing

Apr 26, 2026

AI

A condo located at 100 South Pointe Drive Unit 2506 in Miami Beach has been sold for $5,000,000. The unit offers a total square footage of 1,870, resulting in a price per square foot of $2,673. This transaction represents a record-breaking one-bedroom sale in the building.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,000,000
  • Square Footage: 1,870
  • Price per Square Foot: $2,673
  • Buyer: Jonathan Smith
  • Seller: Werner Peifer
  • Seller's Representative: Janine Schuster & Frank Lustig - Compass
  • Market: Miami Beach

This transaction was represented by Janine Schuster and Frank Lustig from Compass, acting as the seller's representatives, facilitating the successful closing between the buyer, Jonathan Smith, and the seller, Werner Peifer.

Players

Frank Lustig

Compass

Broker

$25.6M

vol

7 deals

Broker

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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93