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9481 East Bay Harbor Drive

The Continuum Company Sells Condo At 9481 East Bay Harbor Drive For $3.9M With Brokers Philip Gutman And Naphtali Marrus
UNDERCONTRACCondo

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

Naphtali Marrus

Meridian Capital Group

Broker

$736.4M

vol

13 deals

Broker
TC
The Continuum CompanyBrokerage
TC
The Continuum CompanySeller

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