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1311 Bay Drive, Miami Beach...

Alfons Foschiatti Acquires SFR In Normandy Isles For $3.7M With Buyer's Rep Aminata Toure - EXP Realty
SOLDSingle Family Residence

Alfons Foschiatti Acquires SFR In Normandy Isles For $3.7M With Buyer's Rep Aminata Toure - EXP Realty

1311 Bay Drive, Miami Beach, Florida 33141, United States

$3,700,000

$1,203/SF

Building Size

3,074 SF

Asset Type

Single Family Residence

Closing

Jul 31, 2022

AI

A single-family residential property located at 1311 Bay Dr in Normandy Isles was recently sold for a sale price of $3,700,000. The property has a total area of 3,074 square feet and a price per square foot of $1,204. The transaction took place on August 1, 2022.

Summary of transaction details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $3,700,000
  • Address: 1311 Bay Dr
  • Market: Normandy Isles

The buyer of the property is Alfons Foschiatti, and the buyer's representative in the deal is Aminata Toure from EXP Realty. On the other hand, the seller was represented by Jon Kotler from Keller Williams Elite Properties.

Players

Jon Kotler

Keller Williams Realty

Broker

$90M

vol

15 deals

Broker

Alfons Foschiatti

Buyer

$3.7M

vol

2 deals

Buyer

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93