Robert Elias Buys Single Family Home In Miami Beach From Al Cabrini For $14 Million
SOLD
$14,000,000
Florida
See Similar DealsSingle Family Residence5,659 SF
Sold 04/21/2026
SOLD
Robert Elias Buys Single Family Home In Miami Beach From Al Cabrini For $14 Million
1277 North Venetian Way
See Similar DealsSingle Family Residence5,659 SF
Sold 04/21/2026
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,473
Total Square Footage:5,659 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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