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Rare Off-Market Waterfront SFR Sold In Miami's Belle Meade Island For $3.1M

Property Image
SOLD
$3,100,000

Florida

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Single Family Residence12,375 SF
Sold 02/25/2022
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Property Image
SOLD

Rare Off-Market Waterfront SFR Sold In Miami's Belle Meade Island For $3.1M

1105 Belle Meade Isle Drive, Miami, Florida 33138, United States

See Similar Deals
Single Family Residence12,375 SF
Sold 02/25/2022
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$250
Total Square Footage:12,375 SF
Transaction Type:Sale

A waterfront single-family residence located at 1105 Belle Meade Island Dr in Miami has been sold in an off-market transaction. The property, spanning 12,375 square feet, is situated in the exclusive double guard-gated community of Belle Meade Island. The sale was facilitated by Juliet Silver of One Sotheby's International Realty, who represented both the buyer and the seller.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $3,100,000
  • Address: 1105 Belle Meade Island Dr
  • Market: Miami
  • Square Footage: 12,375
  • Price per Square Foot: $250
  • Broker: Juliet Silver - One Sotheby's International Realty

This off-market sale presents a rare opportunity to acquire a waterfront property in the esteemed Belle Meade Island community. For more information on off-market land opportunities in Miami, interested parties can contact Juliet Silver at 650-465-5208 or email [email protected].

Players

Juliet Silver
3 deals$11.4M volume
BROKER

Details

SOLD
IMAGE: Juliet Silver DATE: 02/25/2022 ADDRESS: 1105 Belle Meade Island Dr MARKET: Miami ASSET TYPE: SFR BROKER: Juliet Silver (@JulietASilver) - One Sotheby's International Realty (@Onesir) SALE PRICE: $3,100,000 SF: 12,375 ~ PPSF: $250 NOTE FROM BROKER: @JulietASilver represented Buyer and Seller in this incredibly rare OFF-MARKET waterfront sale. 12,375 SF property located in the exclusive double guard gated community of Belle Meade Island. For more OFF-MARKET Miami land opportunities contact Juliet Silver @ 650-465-5208 [email protected]

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

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98