Coldwell Banker Realty Acquires Miami Beach Single Family For $24.5M
10 Palm Avenue, Miami Beach, FL 33139
$24,500,000
$2,476/SF
Building Size
9,893 SF
Asset Type
Single Family Residence
Closing
Dec 15, 2021
AI
Located at 10 Palm Ave in Miami Beach, this single-family home was recently sold in a closed transaction. The property spans 9,893 square feet, offering a spacious living area for the new owner. The sale price for this residence was $24,500,000, resulting in a price per square foot of $2,476.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $24,500,000
- Address: 10 Palm Ave, Miami Beach
- Market: Miami Beach
The buyer's representative in this deal was Julian Cohen from Jill's Zeder Group, a division of Coldwell Banker Realty. On the other side, Lisa Blake from Illazo Realty represented the seller.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93