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210 West Rivo Alto Drive

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

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

Iliana abella

Compass

Broker

$12.9M

vol

2 deals

Broker

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