Updated Jul 10, 2026
Michael & Isabelle Phillip Buy Single Family Home From Joseph Balsamo In Aventura For $2M
20905 Northeast 32nd Avenue
$2,000,000
$494/SF
Building Size
4,042 SF
Asset Type
Single Family Residence
Closing
Jan 13, 2026
About this deal
AI
The property involved in this transaction is a single-family home located at 20905 Northeast 32nd Avenue in Aventura. It was sold for $2,000,000, encompassing 4,042 square feet, which equates to a price per square foot of $494.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,000,000
- Address: 20905 Northeast 32nd Avenue
- Market: Aventura
- Square Footage: 4,042 SF
- Price Per Square Foot: $494
- Buyer: Michael & Isabelle Phillip
- Seller: Joseph Balsamo
- Buyer's Representative: Omer Cohen - Beachfront Realty
This transaction showcases the involvement of Michael and Isabelle Phillip as the buyers, while Joseph Balsamo served as the seller. Omer Cohen, representing the buyers, facilitated the deal through Beachfront Realty.
On the Map
$2,000,000
$494/SF
Single Family Residence
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Players
Miami 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93