9 Kings Capital Sells SFR On Venetian Islands, Miami Beach For $11.5M
1335 North Venetian Way, Miami Beach, FL 33139
$11,500,000
$2,248/SF
Building Size
5,114 SF
Asset Type
Single Family Residence
Closing
Dec 23, 2021
AI
An SFR located at 1335 North Venetian Way in the Venetian Islands, Miami Beach, was recently sold for $11,500,000. The property spans across 5,114 square feet, resulting in a price per square foot of $2,249.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $11,500,000
- Date: 12/23/2021
- Market: Venetian Islands, Miami Beach
The seller, 9 Kings Capital, represented by J. Christopher Burch, closed the deal with the buyer. Ron Laviv from ONE Sotheby's International Realty acted as the buyer's representative, while Fabio Lopes from Coldwell Banker Realty represented the seller.
Players
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93