Brad And Jill Miller Purchase Land At 1041 North Venetian Drive For $17.275M From Leonardo Gravier Sr
1041 North Venetian Drive
$17,275,000
Building Size
—
Asset Type
Land
Closing
Mar 12, 2026
AI
A residential land plot located at 1041 North Venetian Drive in Miami Beach has been sold for $17.275 million. This transaction reflects the ongoing demand and value of prime waterfront real estate in Miami. The asset involved is categorized as land within this high-value market.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $17,275,000
- Buyer: Brad Miller & Jill Miller
- Seller: Leonardo Gravier Sr. - Gravier Group, LLC
- Sale Date: March 12, 2026
- Market: Miami Beach
Leonardo Gravier Sr., representing Gravier Group, LLC, was the seller in this transaction. The deal signifies a continued strong interest in the Miami Beach area, particularly for residential land development.
Players
Miami Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93