Updated Aug 11, 2026
Robert Elias Purchases Double Lot In Miami Beach From Mark Balzli For $6.5M
1505 + 1511 Northeast 13th Place, Miami Beach, Fl, 33139
$6,500,000
$1,483/SF
Building Size
4,381 SF
Asset Type
Single Family Residence
Closing
Jul 24, 2026
About this deal
AI
The property asset involved in this transaction is located at 1505 & 1511 Northeast 13th Place, Miami Beach. This single-family asset is situated on an oversized double lot measuring 15,000 square feet. The sale price for this property was $6,500,000, which translates to a price per square foot of $433.33. The land was sold purely for its land value, and it features two teardown homes as well as a pool.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $6,500,000
- Lot Size: 15,000 SF
- Price Per Square Foot: $433.33
- Buyer: Robert Elias
- Seller: Mark Balzli
- Broker: Dora Puig - Luxe Living Realty
This transaction highlights the involvement of Robert Elias as the buyer and Mark Balzli as the seller. The broker representing the seller in this deal is Dora Puig from Luxe Living Realty, facilitating the transaction on behalf of Mark Balzli.
On the Map
$6,500,000
$1,483/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 $1.5K per square foot on a published $6.5M for 4,381 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93