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Lifestyle International Realty Sells SFR In Keystone Islands, North Miami For $3.9M

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SOLD
$3,900,000

Florida

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Single Family Residence3,190 SF
Sold 02/15/2022
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Property Image
SOLD

Lifestyle International Realty Sells SFR In Keystone Islands, North Miami For $3.9M

2243 Bayview Lane, North Miami, Florida 33181, United States

See Similar Deals
Single Family Residence3,190 SF
Sold 02/15/2022
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,222
Total Square Footage:3,190 SF
Transaction Type:Sale

A single-family home located at 2243 Bayview Lane in Keystone Islands, North Miami was recently sold for $3,900,000. This property, with a total area of 3,190 square feet, was sold at a price of $1,223 per square foot. The transaction was handled by Maleny Carrasco from Lifestyle International Realty, who represented the seller. It is worth noting that this sale set a new record for the highest per square foot price in the Keystone Islands area of Miami, Florida.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $3,900,000
  • Address: 2243 Bayview Lane, Keystone Islands, North Miami
  • Market: Keystone Islands, North Miami
  • Broker: Maleny Carrasco - Lifestyle International Realty

Maleny Carrasco from Lifestyle International Realty successfully represented the seller in this transaction. Her expertise and negotiation skills played a key role in achieving the record-breaking per square foot price in the Keystone Islands area. This sale highlights the strong demand for properties in this neighborhood and underscores the value of working with experienced brokers like Maleny Carrasco to achieve successful real estate deals.

Players

Adam Redolfi
10 deals$69.3M volume(786) 328-9237
BROKER

Maleny Carrasco
Lifestyle International Realty
3 deals$7.9M volume
BROKER

Details

SOLD
IMAGE: Maleny Carrasco DATE: 02/15/2022 ADDRESS: 2243 Bayview Lane MARKET: Keystone Islands, North Miami ASSET TYPE: SFR BROKER: Maleny Carrasco (@Malenyqueensland) - Lifestyle International Realty (@LifestyleInternationalRealty) SALE PRICE: $3,900,000 SF: 3,190 ~ PPSF: $1,223 NOTE FROM BROKER: Maleny represented the seller in this transaction. This is the highest per square foot price sold in Keystone Islands (Miami FL).

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

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88