Updated Dec 21, 2023
Dora Puig Acquires SFR On Venetian Islands, Miami Beach For $21M
108 West Rivo Alto Drive, Venetian Islands, Miami Beach, FL, USA
$21,000,000
$2,583/SF
Building Size
8,130 SF
Asset Type
Single Family Residence
Closing
Feb 18, 2021
About this deal
AI
An SFR located at 108 W Rivo Alto Drive in the Venetian Islands of Miami Beach has been sold for $21,000,000. The transaction took place on February 19, 2021. The property spans an area of 8,130 square feet, resulting in a price per square foot of $2,583. Dora Puig, a representative from Dora Puig Agency, facilitated the sale.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $21,000,000
- Address: 108 W Rivo Alto Drive
- Market: Venetian Islands, Miami Beach
Dora Puig, from the Dora Puig Agency, played a role as the broker in this transaction. The deal showcases the successful collaboration between the buyer and seller, resulting in the sale of the SFR at 108 W Rivo Alto Drive for $21,000,000.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.6K per square foot on a published $21M for 8,130 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93