1230 Holdings LLC Acquires 0.31 Acre Land In Miami Beach From Jeffrey Franklin For $11M
1230 South Venetian Way
$11,000,000
Building Size
—
Asset Type
Land
Closing
Mar 18, 2026
AI
Jeffrey Franklin sold a 0.31-acre land parcel located at 1230 South Venetian Way in Miami Beach. The asset was transacted for $11 million, marking a significant acquisition in the real estate market for potential residential or development purposes.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $11,000,000
- Address: 1230 South Venetian Way
- Market: Miami Beach
- Acres: 0.31
- Buyer: 1230 Holdings LLC
- Seller: Jeffrey Franklin
- Sale Date: 03/18/2026
This transaction showcases the engagement of 1230 Holdings LLC as the buyer while Jeffrey Franklin represented the seller in the deal, reflecting dynamics in this premium land market within the Venetian Islands submarket.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93