Updated Jun 26, 2025
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
About this deal
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%.
On the Map
$1,875,000
$1,041/SF
Single Family Residence
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Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1K per square foot on a published $1.9M for 1,801 square feet (2025).
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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