Updated Dec 4, 2024
Randall Edgar Purchases Single Family Home From Paulo Bacchi Artefacto In Miami Beach For $11.75M
222 South Coconut Lane
$11,750,000
$2,607/SF
Building Size
4,507 SF
Asset Type
Single Family Residence
Closing
Sep 12, 2024
About this deal
AI
The property located at 222 South Coconut Lane, Miami Beach is a single-family residence featuring a sale price of $11,750,000. The home offers a total square footage of 4,507 sq ft, and the price per square foot amounts to $2,607. The property was previously listed with an asking price of $12,900,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $11,750,000
- Address: 222 South Coconut Lane
- Market: Miami Beach
- Asking Price: $12,900,000
- Square Footage: 4,507
- Price Per Square Foot: $2,607
- Buyer: Randall Edgar
- Seller: Paulo Bacchi - Artefacto
- Buyer's Representative: Seth Semilof & Michelle Endara - Haute Real Estate & Inc
- Seller's Representative: Liora Rahimi & Isaac Lustgarten - Official
Key players involved in the transaction include Randall Edgar, who acquired the property, and Paulo Bacchi, representing Artefacto as the seller. The buyer was represented by Seth Semilof and Michelle Endara from Haute Real Estate & Inc, while the seller was assisted by Liora Rahimi and Isaac Lustgarten of Official.
On the Map
$11,750,000
$2,607/SF
Single Family Residence
View full map
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $2.6K per square foot on a published $11.8M for 4,507 square feet (2024).
Visit Seth Semilof to view all their deals.
Browse Miami Beach single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93