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1380 Biscaya Drive, Miami B...

$12.9M Surfside SFR Sale On Biscaya Dr. With Oren Alexander, Tal Alexander & Christopher M. Wands
SOLDSingle Family Residence

$12.9M Surfside SFR Sale On Biscaya Dr. With Oren Alexander, Tal Alexander & Christopher M. Wands

1380 Biscaya Drive, Miami Beach, Florida 33154, United States

$12,875,000

$1,550/SF

Building Size

8,304 SF

Asset Type

Single Family Residence

Closing

Feb 13, 2022

AI

A single-family residence located at 1380 Biscaya Drive in Surfside, Miami has been sold for a price of $12,875,000. The property spans a total area of 6,499 square feet and has a price per square foot of $1,981. Additionally, it sits on a spacious lot measuring 19,750 square feet.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $12,875,000
  • Address: 1380 Biscaya Drive, Surfside, Miami
  • Market: Surfside, Miami
  • Asset Type: SFR

The buyer's representatives involved in the transaction were Oren Alexander, Tal Alexander, and Isaac Lustgarten from the Alexander Team at Douglas Elliman. On the other side, the seller was represented by Christopher M. Wands, also from Douglas Elliman. Together, they facilitated the successful completion of the sale.

Players

Isaac Lustgarten

The Corcoran Group

Broker

$262.6M

vol

24 deals

Broker

Surfside 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

1.23%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93