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100 West San Marino Drive LLC Acquires 5,165 SF Miami Beach Single Family For $17.1M

Property Image
SOLD
$17,100,000
Reinis Cirulis
Jean Echemendia
Julian Johnston
+ 2

Florida

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Single Family Residence5,165 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

100 West San Marino Drive LLC Acquires 5,165 SF Miami Beach Single Family For $17.1M

100 West San Marino Drive, Miami Beach, FL, USA

See Similar Deals
Single Family Residence5,165 SF
Sold
Reinis Cirulis
Jean Echemendia
Julian Johnston
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3310
Total Square Footage:5165 SF
Transaction Type:Sale

The property involved in this closed transaction is a Single Family home located at 100 West San Marino Drive, Miami Beach. The property has a total area of 5,165 square feet. The transaction took place on 03/29/2021.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $17,100,000
  • Price per Square Foot: $3,311
  • Market: Miami Beach

The buyer of the property is 100 West San Marino Drive LLC, while the seller is Eddie Irvine. The buyer's representatives in this deal are Jeri Jenkins from Coldwell Banker Realty and Jean Echemendia from Douglas Elliman. On the other hand, the seller's representatives are Julian Johnston from The Corcoran Group and Reinis Cirulis from SIR Realty LLC.

Players

Julian Johnston
The Corcoran Group
Julian Johnston
52 deals$723.5M volume(305) 502-3985
BROKER
Jeri Jenkins
Coldwell Banker
Jeri Jenkins
6 deals$73.2M volume
BROKER
Jean Echemendia
Douglas Elliman
Jean Echemendia
2 deals$21.3M volume
BROKER
Reinis Cirulis
Reinis Cirulis
1 deal$17.1M volume
BROKER
EI
Eddie Irvine
3 deals$35.2M volume
SELLER

Details

SOLD
IMAGE: Jeri Jenkins, Eddie Irvine, Jean Echemendia & Julian Johnston DATE: 03/29/2021 ADDRESS: 100 West San Marino Drive MARKET: Miami Beach ASSET TYPE: Single Family BUYER: 100 West San Marino Drive LLC SELLER: Eddie Irvine BUYER'S REP: Jeri Jenkins - Coldwell Banker Realty; Jean Echemendia - Douglas Elliman SELLER'S REP: Julian Johnston - The Corcoran Group; Reinis Cirulis - SIR Realty LLC PRICE: $17,100,000 SF: 5,165 ~ PPSF: $3,311

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$912,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,752.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,062.72
Annual Debt Service$972,752.69