Jean-Marc Germain & Florence Germain Purchase Single Family Home In Miami Beach For $7.5M
1351 Stillwater Drive
$7,500,000
$2,090/SF
Building Size
3,587 SF
Asset Type
Single Family Residence
Closing
Jun 8, 2026
AI
The property asset involved in the recent transaction is a single-family home located at 1351 Stillwater Drive in the Miami Beach market. The property sold for $7,500,000, featuring a square footage of 3,587, which results in a price per square foot of $2,090.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,500,000
- Address: 1351 Stillwater Drive
- Market: Miami Beach
- Square Footage: 3,587
- Price per Square Foot: $2,090
- Buyer: Jean-Marc Germain & Florence Germain
- Seller: Mahyar Barin
- Seller's Representative: Liz Hogan & Dylan Srebnick - Compass
The deal was facilitated by the seller's representatives, Liz Hogan and Dylan Srebnick, who are associated with Compass, demonstrating their role in representing the seller, Mahyar Barin, in this transaction.
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93