Christian Iacovelli Acquires SFR In Miami Beach From Nicky Jam For $3.1M

The recently closed property transaction in Miami Beach involved the sale of a Single Family Residence (SFR) located at 240 Palm Ave. The property spans approximately 3,617 square feet and is situated in the vibrant Miami Beach market.

Summary of transaction details

• Property Type: SFR
• Transaction Amount: $3,100,000
• Address: 240 Palm Ave
• Market: Miami Beach

Christian Iacovelli acquired the property from Nicky Jam. Alexa Iacovelli represented the buyer, whereas Tony Rodriguez-Tellaheche served as the seller's representative in the deal.

The transaction was completed on February 3, 2021. The property was initially listed for sale with an asking price of $3,300,000. However, it was sold for a final price of $3,100,000, indicating a significant negotiation from the initial listing price. The price per square foot (PPSF) for this transaction comes out to be $857.