Sunbeam Properties Acquires Single Family Home In Normandy Shores, Miami Beach For $10.5M
SOLD
$10,500,000
Florida
See Similar DealsSingle Family Residence4 SF
Sold 11/18/2022
SOLD
Sunbeam Properties Acquires Single Family Home In Normandy Shores, Miami Beach For $10.5M
1125 North Shore Drive, Miami Beach, Florida 33141, United States
See Similar DealsSingle Family Residence4 SF
Sold 11/18/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,625,000
Total Square Footage:4 SF
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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