Updated Dec 4, 2024
Ruthie Assouline & Ethan Assouline Of Douglas Elliman Represent Seller In $26M Bal Harbour Land Sale
148 Bal Bay Drive
$26,000,000
$928/SF
Building Size
28,000 SF
Asset Type
Single Family Residence
Closing
Oct 23, 2024
About this deal
AI
The property involved in this transaction is a land asset located at 148 Bal Bay Drive in Bal Harbour Village, Bal Harbour, FL. It was sold at a price of $26,000,000, with an area of 28,000 square feet, resulting in a price per square foot of $928.57. This sale represents the highest price per square foot ever recorded for land in Bal Harbour Village.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $26,000,000
- Square Footage: 28,000
- Price Per Square Foot: $928.57
- Address: 148 Bal Bay Drive
- Market: Bal Harbour Village, Bal Harbour, FL
- Seller's Representative: Ruthie Assouline & Ethan Assouline - Douglas Elliman
- Buyer's Representative: Bento Queiroz - Compass
Ruthie Assouline and Ethan Assouline represented the seller in this transaction, while Bento Queiroz represented the buyer. The Assouline Team has been recognized for significantly impacting home values in the neighborhood and is ranked as the top team in Bal Harbour and Miami.
On the Map
$26,000,000
$928/SF
Single Family Residence
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Players
Bal Harbour 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93