Sunbeam Properties Acquires Single Family Home In Normandy Shores, Miami Beach For $10.5M
1125 North Shore Drive, Miami Beach, Florida 33141, United States
$10,500,000
$2,625,000/SF
Building Size
4 SF
Asset Type
Single Family Residence
Closing
Nov 18, 2022
AI
Located in Normandy Shores, Miami Beach, this single-family property at 1125 North Shore Drive has recently been sold. The transaction took place on November 18, 2022, with a sale price of $10,500,000. The property spans across 0.4 acres and offers a total of 4,170 square feet of living space.
Summary of transaction details
- Property Type: Single Family
- Sale Price: $10,500,000
- Square Footage: 4,170
- Address: 1125 North Shore Drive
- Market: Normandy Shores, Miami Beach
The buyer in this transaction is Sunbeam Properties, represented by Andy Ansin. The seller is Brett Harris, represented by Douglas Elliman. Kevin Brill from KMB Enterprises is also involved in the sale.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93