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20905 Northeast 32nd Avenue

Michael & Isabelle Phillip Buy Single Family Home From Joseph Balsamo In Aventura For $2M
SOLDSingle Family Residence

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

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.

Players

Omer Cohen

Beachfront Realty

Broker

$5.3M

vol

3 deals

Broker
Beachfront Realty
Beachfront RealtyBrokerage

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