Updated Apr 30, 2026
Robert Elias Buys Single Family Home In Miami Beach From Al Cabrini For $14 Million
1277 North Venetian Way
$14,000,000
$2,473/SF
Building Size
5,659 SF
Asset Type
Single Family Residence
Closing
Apr 20, 2026
About this deal
AI
The property asset involved in this transaction is a single-family home located at 1277 North Venetian Way in the Miami Beach market. The home encompasses a total area of 5,659 square feet and was sold for a price of $14,000,000, resulting in a price per square foot of $2,473.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,000,000
- Address: 1277 North Venetian Way
- Market: Miami Beach
- Square Footage: 5,659
- Price Per Square Foot: $2,473
- Buyer: Robert Elias
- Seller: Al Cabrini
- Buyer's Representative: Dora Puig - Luxe Living Realty
- Seller's Representatives: Dora Puig - Luxe Living Realty & Jordan Karp - Jordan Karp LLC
The transaction highlights the involvement of broker representatives, with both buyer and seller represented by Dora Puig from Luxe Living Realty. Jordan Karp from Jordan Karp LLC also represents the seller in this closed transaction.
On the Map
$14,000,000
$2,473/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 $2.5K per square foot on a published $14M for 5,659 square feet (2026).
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Browse Miami Beach single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93