Carlos Protasi Acquires 10-Unit Multifamily Property On Calais Dr, Miami Beach For $3.05M

Calais on the Water, a waterfront property located in Normandy Isles near Normandy Shores Golf Club, has been sold. The property, situated at 2005-2023 Calais Dr, Miami Beach, is a multifamily asset consisting of 10 units. The sale took place on 07/20/2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,050,000
• Address: 2005-2023 Calais Dr, Miami Beach
• Market: Miami Beach
• Seller: Fabrizio Di Saverio
• Buyer: Carlos Protasi
• Broker: Virgilio Fernandez @VBoundless
• Asking Price: $3,200,000
• Units: 10
• Price per Unit (PPU): $305,000
• Lot Square Footage: 21,224

The property was sold for a price of $3,050,000, which set a record price of $305,000 per unit. It is worth noting that the property spans a double lot measuring 21,224 square feet. The buyer, Carlos Protasi, has plans to redevelop the property in the future.