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
Palmetto Bay 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93