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
About this deal
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
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $5M for 1,870 square feet (2026).
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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