Ines Marta And Iliana Abella Of Compass Sell Waterfront Single Family Home In Miami Beach For $8.7M
210 West Rivo Alto Drive
$8,700,000
$3,496/SF
Building Size
2,488 SF
Asset Type
Single Family Residence
Closing
Feb 3, 2025
AI
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
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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93