The Continuum Company Sells Condo At 9481 East Bay Harbor Drive For $3.9M With Brokers Philip Gutman And Naphtali Marrus
9481 East Bay Harbor Drive
Building Size
2,786 SF
Asset Type
Condo
Closing
May 21, 2026
AI
The property involved in this transaction is a condo located at 9481 East Bay Harbor Drive in the Bay Harbor Islands market. The condo has a list price of $3,900,000 and encompasses a total square footage of 2,786. It is currently under construction and is expected to be delivered in early 2027. Buyers can expect final opportunities available for 3-4 bedroom configurations, accompanied by a boat slip.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,900,000
- Address: 9481 East Bay Harbor Drive
- Market: Bay Harbor Islands
- Seller: The Continuum Company
- Buyer's Representative: Naphtali Marrus - Meridian Capital Group
- Seller's Representative: Phil Gutman - Continuum Realty
- Square Footage: 2,786
Naphtali Marrus represents the buyer in this transaction, partnering with Meridian Capital Group. Phil Gutman serves as the seller's representative through Continuum Realty, facilitating the deal on behalf of The Continuum Company.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Undercontract transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93