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Ines Marta And Iliana Abella Of Compass Sell Waterfront Single Family Home In Miami Beach For $8.7M

Property Image
SOLD
$8,700,000
Iliana abella
Ines Marta

Florida

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Single Family Residence2,488 SF
Sold 02/03/2025
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Property Image
SOLD

Ines Marta And Iliana Abella Of Compass Sell Waterfront Single Family Home In Miami Beach For $8.7M

210 West Rivo Alto Drive

See Similar Deals
Single Family Residence2,488 SF
Sold 02/03/2025
Iliana abella
Ines Marta
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,496
Total Square Footage:2,488 SF
Transaction Type:Sale

The property involved in this transaction is a single-family home located at 210 West Rivo Alto Drive in the Miami Beach market. The asset spans 2,488 square feet and was sold for a transaction amount of $8,700,000, resulting in a price per square foot of $3,496.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $8,700,000
  • Square Footage: 2,488
  • Price Per Square Foot: $3,496
  • Address: 210 West Rivo Alto Drive
  • Market: Miami Beach
  • Seller's Representatives: Ines Marta & Iliana Abella - Compass

The listing agents for the property, Ines Marta and Iliana Abella from Compass, effectively secured a cash contract within a period of 35 days. Their expertise in the Venetian Islands waterfront market contributed to the successful closure of this transaction.

Players

Iliana abella
Compass
Iliana abella
2 deals$12.9M volume(305) 505-0488
BROKER
Ines Marta
Compass
Ines Marta
2 deals$14.5M volume(786) 452-4910
BROKER

Details

SOLD
IMAGE: Ines Marta & Iliana abella DATE: 02/03/2025 ADDRESS: 210 West Rivo Alto Drive MARKET: Miami Beach ASSET TYPE: Single Family SELLER'S REP: Ines Marta (@Inesmiamirealestate) & Iliana Abella (@TheAbellagroupcompass) - Compass (@Compass) SALE PRICE: $8,700,000 SF: 2,488 ~ PPSF: $3,496 NOTE FROM BROKER: Ines Marta and Iliana Abella from Compass, the listing agents for this Venetian Islands waterfront property, successfully secured a cash contract in 35 days.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$463,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,909.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,242.44
Annual Debt Service$494,909.26