Updated Oct 29, 2024
Tony Tamer Of H.I.G. Growth Partners Acquires Miami Beach Waterfront Property For $25M
2315 Lake Ave Miami Beach, Fl 33140, Usa
$25,000,000
$5,319/SF
Building Size
4,700 SF
Asset Type
Single Family Residence
Closing
Jun 27, 2023
About this deal
AI
Tony Tamer, founder of H.I.G. Growth Partners, has acquired a stunning Miami Beach waterfront property on Sunset Islands for $25 million. The property sits on 0.7 acres of land and features a six-bedroom house, a dock, and a pool. With 4,700 square feet of space, this spacious residence offers breathtaking views and 160 feet of waterfront. Located at 2315 Lake Avenue, this property is a true gem in the Miami Beach market.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $25,000,000
- Address: 2315 Lake Avenue, Miami Beach
- Market: Miami Beach
- Acres: 0.7
- Square Footage: 4,700
In this deal, Tony Tamer was represented by brokers Jill Hertzberg and Danny Hertzberg from Coldwell Banker. Their expertise and knowledge of the market played a crucial role in securing this exceptional property. H.I.G. Growth Partners has made a significant investment in the Miami Beach market, further solidifying its presence in the real estate industry.
Players
Miami 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93