facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

traded

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

1161 Belle Meade Isle Drive...

Compass Agents Shelly Northern & Tracey Bukumirovic Acquire Belle Meade Island SFR For $7.5M
SOLDSingle Family Residence

Compass Agents Shelly Northern & Tracey Bukumirovic Acquire Belle Meade Island SFR For $7.5M

1161 Belle Meade Isle Drive, Miami, Florida 33138, United States

$7,500,000

$500/SF

Building Size

15,000 SF

Asset Type

Single Family Residence

Closing

Apr 6, 2022

AI

Located in the gated Belle Meade Island community in Miami, this stunning single-family home recently sold for a record-breaking price of $7,500,000. The property, situated on an oversized lot, offers an enchanting, wide bay view. With a total area of 2,906 square feet, the home boasts a price per square foot of $2,581. Its address is 1161 Belle Meade Island Dr.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $7,500,000
  • Market: Miami

Representing the buyer, Shelly Northern and Tracey Bukumirovic from Compass played a pivotal role in this successful real estate transaction. Michelle Shurtleff and Nancy Batchelor, both from Compass and part of the Nancy Batchelor Team, represented the seller. The legal matters were handled by attorneys Danielle Blankstein and Greg Herskowitz.

This sale marks a significant milestone for the Belle Meade Island community, setting a new record for the highest sale price in the area. The property's spectacular bay view, expansive lot, and location in a gated community make it a truly exceptional find.

Note: Shelly Northern, a representative from Compass, shared her excitement about this remarkable sale on her Instagram account, describing the property as "magical" and emphasizing its captivating bay view.

Players

Nancy Batchelor

Compass

Broker

$352.3M

vol

51 deals

Broker
Winston Capital Management
Winston Capital ManagementBrokerage
Winston Capital Management
Winston Capital ManagementLender

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93