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Damián Martinez Sells Development Site At 319 Holiday Drive Hallandale Beach For $2.535M

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SOLD
$2,535,000

Florida

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Development Site12,750 SF
Sold 04/29/2025
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Property Image
SOLD

Damián Martinez Sells Development Site At 319 Holiday Drive Hallandale Beach For $2.535M

319 Holiday Drive

See Similar Deals
Development Site12,750 SF
Sold 04/29/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$198
Total Square Footage:12,750 SF
Transaction Type:Sale

This development site, located at 319 Holiday Drive in Hallandale Beach, is characterized by its prime waterfront land status and encompasses a total of 12,750 square feet. The property was sold at a transaction price of $2,535,000, translating to a price per square foot of $198.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,535,000
  • Square Footage: 12,750
  • Price per Square Foot: $198
  • Seller: Damián Martinez
  • Seller's Representative: Federico Yaffe - Yaffe International Realty
  • Date of Sale: 4/29/2025
  • Market: Hallandale Beach

Federico Yaffe represented the seller, Damián Martinez, in this transaction. The broker noted that the land is ideally suited for luxury residential development, featuring no fixed bridges to the ocean, which adds to its desirability for such projects.

Players

Federico Yaffe
Yaffe International Realty
Federico Yaffe
1 deal$2.5M volume(786) 267-1000
BROKER

Details

SOLD
IMAGE: Federico Yaffe DATE: 4/29/2025 ADDRESS: 319 Holiday Drive MARKET: Hallandale Beach ASSET TYPE: Development Site SELLER: Damián Martinez SELLER'S REP: Federico Yaffe (@FedericoYaffe) - Yaffe International Realty (@YaffeInternationalRealty) (@Brighttitleservices) SALE PRICE: $2,535,000 SF: 12,750 ~ PPSF: $198 NOTE FROM BROKER: Prime waterfront land with no fixed bridges to the ocean, sold for luxury residential development. Opportunities like this don’t last—and neither should your search for the right agent. Whether you’re buying, selling, or building on the water, work with someone who knows how to navigate every current. 📍 Federico Yaffe 📲 DM to talk waterfront, luxury, or investment deals.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$135,199.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,006.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,017.19
Annual Debt Service$144,206.32