Luxury SFR On Venetian Islands Sold For $21.5M Through Luxe Living Realty
55 East San Marino Drive, Miami Beach, Florida 33139, United States
$21,500,000
$947/SF
Building Size
22,685 SF
Asset Type
Other
Closing
Mar 12, 2022
About this deal
AI
A single-family residence (SFR) located at 55 E San Marino Drive on Venetian Islands has been sold for a staggering $21,500,000. The property encompasses 10,684 square feet, resulting in a price per square foot (PPSF) of $2,012. Dora Puig from Luxe Living Realty represented the transaction.
Summary of transaction details:
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $21,500,000
- Square Footage: 10,684
- Price per Square Foot (PPSF): $2,012
- Address: 55 E San Marino Drive
- Market: Venetian Islands
Dora Puig, an agent from Luxe Living Realty, played a crucial role in facilitating this significant transaction. The sale of the property at 55 E San Marino Drive demonstrates the demand for luxury homes on Venetian Islands, with a high transaction value per square foot.
Players
Miami Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
About $947 per square foot on a published $21.5M for 22,685 square feet (2022).
Visit Dora Puig to view all their deals.
Browse Florida other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93