Paulo Bacchi's Artefacto Acquires SFR In Palm Island For $5.3M
222 South Coconut Lane, Miami Beach, FL 33139, USA
$5,300,000
$1,437/SF
Building Size
3,686 SF
Asset Type
Single Family Residence
Closing
Oct 7, 2021
AI
A single-family residential property located at 222 S Coconut Lane in Palm Island, Miami Beach was recently sold for a total of $5,300,000. The property spans 3,686 square feet, resulting in a price per square foot of $1,438.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $5,300,000
- Address: 222 S Coconut Lane, Palm Island, Miami Beach
- Market: Palm Island, Miami Beach
The buyer of the property is Paulo Bacchi, the owner of Artefacto. Representing both the buyer and the seller in this transaction is Dora Puig from Luxe Living Realty.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93