Roberto Quiroz Of Sotheby's International Realty Represents Buyer In $16M Sale In Miami Beach
1155 North Shore Drive
$16,000,000
$2,965/SF
Building Size
5,395 SF
Asset Type
Single Family Residence
Closing
Nov 25, 2024
AI
A single-family home located at 1155 North Shore Drive in Miami Beach has been sold for $16,000,000. The property encompasses a total of 5,395 square feet and was priced at approximately $2,965 per square foot. It features 92 feet of waterfront and is situated in the exclusive Normandy Shores neighborhood.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,000,000
- Square Footage: 5,395
- Price Per Square Foot: $2,965
- Address: 1155 North Shore Drive
- Market: Miami Beach
- Buyer's Representative: Roberto Quiroz - Sotheby's International Realty
- Seller's Representative: Todd Nordstrom - Compass
This transaction marks a record-breaking sale on Normandy Shores, indicating a high level of interest and value in this upscale area. The representatives involved were Roberto Quiroz, acting on behalf of the buyer, and Todd Nordstrom, representing the seller.
Players
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93