Updated Oct 20, 2025
Alpha Developments Purchases Single Family Home From Salvador Arce In Miami Beach For $3.9M
118 East 3rd Court
$3,900,000
$1,549/SF
Building Size
2,517 SF
Asset Type
Single Family Residence
Closing
Oct 14, 2025
About this deal
AI
The property asset involved in the transaction is a single-family home located at 118 East 3rd Court in the Miami Beach market. The asset was sold for $3,900,000, featuring a total square footage of 2,517 and a price per square foot of $1,549.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,900,000
- Address: 118 East 3rd Court
- Market: Miami Beach
- Sale Price: $3,900,000
- Square Footage: 2,517
- Price Per Square Foot: $1,549
- Buyer: Alpha Developments
- Seller: Salvador Arce
- Broker Representatives: Nicholas Cato & Lourdes Alatriste - Douglas Elliman
Nicholas Cato and Lourdes Alatriste from Douglas Elliman represented the deal in this transaction. Notably, this sale marks the highest dry lot tear down sale in Hibiscus Island.
On the Map
$3,900,000
$1,549/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $3.9M for 2,517 square feet (2025).
Visit Nicholas Cato to view all their deals.
Browse Miami Beach single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93