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1485 Cleveland Rd, Miami Be...

Sam Logan Acquires Miami Beach SFR For $13M With Buyer's Rep Jordan Karp & Seller's Rep Pier Paolo Visconti & Claudia Llanes
SOLDSingle Family Residence

Sam Logan Acquires Miami Beach SFR For $13M With Buyer's Rep Jordan Karp & Seller's Rep Pier Paolo Visconti & Claudia Llanes

1485 Cleveland Rd, Miami Beach, FL 33141

$13,000,000

$2,321/SF

Building Size

5,600 SF

Asset Type

Single Family Residence

Closing

Sep 6, 2023

AI

A single-family residential property located at 1485 Cleveland Road in Miami Beach has been sold for a total amount of $13,000,000. This property spans over a total area of 5,600 square feet, making the price per square foot $2,321.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $13,000,000
  • Address: 1485 Cleveland Road, Miami Beach
  • Market: Miami Beach
  • Square Footage: 5,600
  • Price per Square Foot: $2,321

The buyer in this transaction is Sam Logan, and he was represented by Jordan Karp. On the other hand, the seller was represented by Pier Paolo Visconti and Claudia Llanes from Douglas Elliman, along with Melissa Azran from Beachfront Realty. These professionals played a crucial role in facilitating the successful sale of the property.

Players

Pier Paolo Visconti

Douglas Elliman

Broker

$195.7M

vol

10 deals

Broker

Sam Logan

Buyer

$60.6M

vol

4 deals

Buyer

Market 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93