Olga Pelaez Sells Single Family Home In Miami Beach For $5.95M With Orlando Alpizar's Representation
1031 North Shore Drive
$5,950,000
$479/SF
Building Size
12,410 SF
Asset Type
Single Family Residence
Closing
Feb 20, 2025
AI
The asset involved in this transaction is a single-family home located at 1031 North Shore Drive in the Miami Beach market. The property spans 12,410 square feet and was sold for $5,950,000, resulting in a price per square foot of $479.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,950,000
- Address: 1031 North Shore Drive
- Market: Miami Beach
- Square Footage: 12,410
- Price per Square Foot: $479
- Seller: Olga Pelaez - The Olga Pelaez Irrevocable Trust
- Buyer's Representative: Jim Agard - Vendome Capital
- Seller's Representative: Orlando Alpizar - Compass
This transaction involved key individuals including seller Olga Pelaez, represented by Orlando Alpizar from Compass, and buyer's representative Jim Agard from Vendome Capital. The successful closing of this sale took place on February 20, 2025.
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
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93