Updated Dec 20, 2023
Oliver Lloyd Acquires Miami Beach SFR For Record-Breaking $8.7M
1220 South Biscayne Point Road, Miami Beach, FL, USA
$8,700,000
$1,604/SF
Building Size
5,423 SF
Asset Type
Single Family Residence
Closing
Jul 19, 2020
About this deal
AI
A single-family home located at 1220 S. Biscayne Point Road in Miami Beach has been sold for a record-breaking price. The property, spanning 5,423 square feet, was sold on July 19, 2021, for a total of $8,700,000. This translates to a price per square foot of $1,604, making it one of the highest-priced transactions ever recorded on Biscayne Point. The sale was facilitated by Oliver Lloyd from Douglas Elliman.
Summary of transaction details:
- Property Type: Single-Family Home
- Transaction Amount: $8,700,000
- Square Footage: 5,423
- Price per Square Foot: $1,604
- Address: 1220 S. Biscayne Point Road
- Market: Miami Beach
This significant transaction was spearheaded by Oliver Lloyd, a broker from Douglas Elliman. Through his expertise and representation, the buyer and seller were able to successfully negotiate and complete this landmark deal. The sale not only sets a new record for the highest price ever paid on Biscayne Point but also showcases the immense value of properties in Miami Beach's real estate market.
On the Map
$8,700,000
$1,604/SF
Single Family Residence
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Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $8.7M for 5,423 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93