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1656 Biarritz Drive

Davide De Masi Sells Single Family Home In Miami Beach For $1.875M With Serhant Rep
SOLDSingle Family Residence

Davide De Masi Sells Single Family Home In Miami Beach For $1.875M With Serhant Rep

1656 Biarritz Drive

$1,875,000

$1,041/SF

Building Size

1,801 SF

Asset Type

Single Family Residence

Closing

Jun 15, 2025

AI

The property asset involved in the transaction is a single-family home located at 1656 Biarritz Drive in the Miami Beach market. The sale price was $1,875,000, with a square footage of 1,801, resulting in a price per square foot of $1,041.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $1,875,000
  • Address: 1656 Biarritz Drive
  • Market: Miami Beach
  • Square Footage: 1,801
  • Price per Square Foot: $1,041
  • Seller: Davide De Masi
  • Seller's Representative: Mariana Ramirez, Nile Lundgren & Scott Porter - Serhant

The transaction saw representation from Mariana Ramirez, Nile Lundgren, and Scott Porter of Serhant as they facilitated the sale for the seller, Davide De Masi. Notably, this sale achieved the highest sale per foot on Normandy Isle in the last 365 days by over 11%.

Players

Nile Lundgren

Serhant

Broker

$81.2M

vol

9 deals

Broker
Serhant
SerhantBrokerage

Miami Beach 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

8.46%

Cash-on-Cash

-2.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93