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217 Zoe Way

Compass' Nesti Mendoza Represents Buyer In $6.55M Townhouse Sale At Aqua At Allison Island
SOLDOther

Compass' Nesti Mendoza Represents Buyer In $6.55M Townhouse Sale At Aqua At Allison Island

217 Zoe Way

$6,550,000

$1,226/SF

Building Size

5,341 SF

Asset Type

Other

Closing

Jul 28, 2022

AI

A record-breaking sale has taken place at Aqua at Allison Island in Miami Beach. The property in question is a townhouse located at 217 Zoe Way. The transaction was completed on 07/28/2022, with a sale price of $6,550,000. The townhouse spans over 5,341 square feet and has a price per square foot of $1,226. This sale sets a new benchmark for the highest-priced townhome sale ever recorded in the Aqua at Allison Island community.

Summary of transaction details

  • Property Type: Townhouse
  • Transaction Amount: $6,550,000
  • Address: 217 Zoe Way
  • Market: Aqua at Allison Island, Miami Beach
  • Square Footage: 5,341
  • Price Per Square Foot: $1,226

Nesti Mendoza of Compass represented the buyer in this transaction, while the sellers were represented by Dan Hechtkopf, Marci DeClaris, Fredrik Eklund, and John Gomes of Douglas Elliman. Their expertise contributed to the successful completion of the sale, resulting in a record-breaking achievement for Aqua at Allison Island. An extraordinary level of teamwork and negotiation skills were demonstrated by all parties involved.

Players

Fredrik Eklund

Douglas Elliman

Broker

$771.5M

vol

27 deals

Broker

Miami Beach Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.42%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93