Updated Sep 9, 2024
Tal & Oren Alexander Acquire SFR In Miami Beach For $23.5M
10 W San Marino Dr, Miami Beach, FL, USA
$23,500,000
$1,840/SF
Building Size
12,772 SF
Asset Type
Single Family Residence
Closing
Mar 10, 2021
About this deal
AI
Located in Miami Beach, this single-family home at 10 W San Marino Dr was recently sold for a staggering price of $23,500,000. With a total area of 12,772 square feet, the property boasts a price per square foot (PPSF) of $1,840. Situated in a sought-after market, this transaction showcases the high-value nature of residential properties in Miami Beach.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $23,500,000
- Address: 10 W San Marino Dr
- Market: Miami Beach
The buyer's representation in this deal was handled by Tal & Oren Alexander from Douglas Elliman, while the seller was represented by Julian Johnston from The Corcoran Group. This collaboration between renowned brokers showcases the professional expertise and valuable networks that contribute to successful real estate transactions in Miami Beach.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93