Updated May 12, 2025
Michael Roth Purchases Miami Shores Single Family Home From Luna Shores For $12.58M
1490 Northeast 101st Street
$12,578,500
$1,823/SF
Building Size
6,900 SF
Asset Type
Single Family Residence
Closing
Apr 30, 2025
About this deal
AI
The property asset involved in the transaction is a single-family home located at 1490 Northeast 101st Street in Miami Shores. The sale price of the residence was $12,578,500. It encompasses a total area of 6,900 square feet, resulting in a price per square foot of $1,822.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,578,500
- Address: 1490 Northeast 101st Street
- Market: Miami Shores
- Broker: Michel Bitton - Douglas Elliman
- Buyer: Michael Roth (trustee of 1490 Water's Edge Trust)
- Seller: Luna Shores
The individuals involved in this transaction include Michael Roth, who acted as the buyer's trustee for the 1490 Water's Edge Trust, and the seller, Luna Shores. The brokerage representing the transaction was Michel Bitton from Douglas Elliman, facilitating the deal between the involved parties.
On the Map
$12,578,500
$1,823/SF
Single Family Residence
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Players
Miami Shores Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $12.6M for 6,900 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93