Randall Edgar Purchases Development Site At 290 South Coconut Lane From Paulo Bachi For $8M

The asset involved in this transaction is a development site located at 290 South Coconut Lane in the Miami Beach market. The asking price was $9,000,000, and the sale price concluded at $8,000,000. The building square footage (BSF) is 6,965, resulting in a price per building square foot (PPBSF) of $1,148.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,000,000
• Address: 290 South Coconut Lane
• Market: Miami Beach
• Asking Price: $9,000,000
• BSF: 6,965
• PPBSF: $1,148
• Buyer: Randall Edgar
• Seller: Paulo Bachi
• Buyer's Representative: Seth Semilof & Michelle Endara - Haute Real Estate
• Seller's Representative: Lourdes Alatriste - Douglas Elliman

The individuals involved in the transaction include Randall Edgar as the buyer and Paulo Bachi as the seller. The buyer was represented by Seth Semilof and Michelle Endara from Haute Real Estate, while the seller was represented by Lourdes Alatriste from Douglas Elliman, ensuring both parties had professional representation throughout the deal.