Ron & Nancy Marshall Purchase Condo At 500 Alton Road Miami Beach For $3.4M With Ismael Garcia
500 Alton Road
$3,400,000
$1,456/SF
Building Size
2,335 SF
Asset Type
Condo
Closing
May 12, 2026
About this deal
AI
The asset involved in this transaction is a condo located at 500 Alton Road Unit 903 in the Miami Beach market. The sale price for this property was $3,400,000, encompassing a total square footage of 2,335, which brings the price per square foot to $1,456.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,400,000
- Address: 500 Alton Road Unit 903
- Market: Miami Beach
- Square Footage: 2,335
- Price Per Square Foot: $1,456
- Buyer: Ron & Nancy Marshall
- Seller: Terra Group
- Broker: Ismael Garcia - One Sotheby's International Realty
The transaction was facilitated by Ismael Garcia, who represents One Sotheby's International Realty in this deal. The buyers, Ron and Nancy Marshall, acquired the property from the seller, Terra Group, marking a significant transaction in the Miami Beach real estate sector.
On the Map
$3,400,000
$1,456/SF
Condo
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Miami Beach Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93