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13999 Old Cutler Road, Palm...

Cheryl Eisen Sells Miami Manse In Palmetto Bay For $5M
SOLDSingle Family Residence

Cheryl Eisen Sells Miami Manse In Palmetto Bay For $5M

13999 Old Cutler Road, Palmetto Bay, Florida 33158, United States

$5,000,000

$790/SF

Building Size

6,323 SF

Asset Type

Single Family Residence

Closing

May 23, 2022

AI

Celebrity Designer Cheryl Eisen’s redesigned Miami manse, located at 13999 Old Cutler Rd in Palmetto Bay, was sold in a competitive bidding war. The single-family residence, spanning 6,323 square feet, was listed for $5,000,000 and ultimately sold for over asking price.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,000,000
  • Square Footage: 6,323
  • Price per Square Foot: $791
  • Address: 13999 Old Cutler Rd, Palmetto Bay
  • Market: Palmetto Bay

The seller, Cheryl Eisen, enlisted the representation of Darin Tansey from Douglas Elliman for the sale. Tansey played a pivotal role in securing a price that exceeded the initial asking amount, facilitating a successful transaction for Eisen.

Players

Darin Tansey

Douglas Elliman

Broker

$68.2M

vol

8 deals

Broker

Palmetto Bay Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93