Updated Sep 9, 2024
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
About this deal
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.
On the Map
$13,000,000
$2,321/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $13M for 5,600 square feet (2023).
Visit Claudia Llanes to view all their deals.
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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