Zachi & Ekaterina Wainstein Acquire Development Site In Miami Beach For $5.5M

A development site located at 2211 Meridian Ave in Miami Beach has been sold for $5,500,000. The site spans 4,616 square feet, with a price per square foot of $1,192. The total buildable square footage is 10,400, with a price per buildable square foot of $529. The transaction took place on October 1, 2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,500,000
• Address: 2211 Meridian Ave
• Market: Miami Beach

The buyer of the development site is Zachi and Ekaterina Wainstein. The seller, Pascal Nicolai, represents Sabal Luxury Builder, which is associated with Sabal Development. Alexandra Nikonova from Florida Realty of Miami Corp served as the buyer's representative in the transaction, while Dora Puig from Luxe Living Realty represented the seller.