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Michael And Alexandra Pineiro Purchase Single Family Home In Pinecrest From Eliot Pedrosa For $4.58M

Property Image
SOLD
$4,580,000
Jose Nicolas
Carole Smith
Cristina Formosa

Florida

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Single Family Residence5,897 SF
Sold 11/03/2025
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Property Image
SOLD

Michael And Alexandra Pineiro Purchase Single Family Home In Pinecrest From Eliot Pedrosa For $4.58M

10900 Southwest 61st Court

See Similar Deals
Single Family Residence5,897 SF
Sold 11/03/2025
Jose Nicolas
Carole Smith
Cristina Formosa
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$776
Total Square Footage:5,897 SF
Transaction Type:Sale

The property involved in this transaction is a single-family home located at 10900 Southwest 61st Court in the Pinecrest market. It features a size of 5,897 square feet and was sold for a price of $4,580,000, which reflects a price per square foot (PPSF) of $776.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $4,580,000
  • Square Footage: 5,897
  • Address: 10900 Southwest 61st Court
  • Market: Pinecrest
  • Buyer: Michael Pineiro & Alexandra Pineiro
  • Seller: Eliot Pedrosa
  • Brokers: Jose Nicolas, Cristina Formosa & Carole Smith - Compass

Key individuals in this transaction include buyers Michael Pineiro and Alexandra Pineiro, and seller Eliot Pedrosa. The brokers representing the involved parties in this real estate deal are Jose Nicolas, Cristina Formosa, and Carole Smith from Compass.

Players

Jose Nicolas
Compass
Jose Nicolas
5 deals$47M volume(305) 903-2050
BROKER
Carole Smith
Compass
Carole Smith
2 deals$17.6M volume(305) 710-1010
BROKER
Cristina Formosa
Compass
Cristina Formosa
2 deals$17.6M volume(305) 773-0679
BROKER

Details

SOLD
IMAGE: Carole Smith, Jose Nicolas & Cristina Formosa DATE: 11/03/2025 ADDRESS: 10900 Southwest 61st Court MARKET: Pinecrest ASSET TYPE: Single Family BUYER: Michael Pineiro & Alexandra Pineiro SELLER: Eliot Pedrosa BROKERS: Jose Nicolas (@JoserNicolas), Cristina Formosa (@CristinaFormosarealtor) & Carole Smith (@CaroleSmithrealtor) - Compass (@Compass) SALE PRICE: $4,580,000 SF: 5,897 ~ PPSF: $776

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

$244,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,271.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,711.54
Annual Debt Service$260,538.44