A development site in Miami Beach has been sold for $35,500,000. The buyer is Jeff Franklin, and the seller is El Dorado Furniture. The transaction took place on June 25, 2021. The property spans across 1 acre and is located in the Miami Beach market. The deal was facilitated by David Nguah of Douglas Elliman, who represented Jeff Franklin.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $35,500,000
• Date: 06/25/2021
• Market: Miami Beach
• Buyer: Jeff Franklin
• Seller: El Dorado Furniture
• Broker: David Nguah - Douglas Elliman
• Acre: 1

The sale of this development site in Miami Beach marks an important transaction in the local real estate market. The involvement of Jeff Franklin as the buyer and El Dorado Furniture as the seller adds significance to the deal. David Nguah, representing Douglas Elliman, played a crucial role as the broker in facilitating the transaction.