Marco Ferri & Maria Perez Acquire 5-Bedroom Home On 2534 Flamingo Drive, Miami Beach For $4.1M
2534 Flamingo Drive, Miami Beach, FL, USA
$4,100,000
$1,154/SF
Building Size
3,553 SF
Asset Type
Single Family Residence
Closing
Feb 25, 2021
AI
This historic house, located at 2534 Flamingo Drive in Miami Beach, was recently sold in a transaction completed on February 26, 2021. The property is a single-family residence with a total area of 3,553 square feet. The sale price for this luxurious home was $4,100,000, resulting in a price per square foot of $1,154. The buyer of the property was Marco Ferri and Maria Perez, while the seller was TRS Casper Trust. Carlo Dipasquale and Igaro Goncalves represented the seller in the deal, and Vernon Ubico served as the buyer's representative.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $4,100,000
- Address: 2534 Flamingo Drive, Miami Beach
- Market: Miami Beach
This sale is notable for being the highest price per square foot achieved for a home on a dry lot in Flamingo Drive, with a price of $1,154 per square foot. It is also the second-highest price per square foot for a home on a dry lot sold in South Beach within the last 90 days. The property features 5 bedrooms, 4 luxurious bathrooms, a poolside bungalow, and beautifully landscaped gardens. Its design evokes the charm of a Hamptons-English countryside getaway, and the attention to detail throughout the home is exceptional. This sale represents a rare opportunity for the fortunate buyers to own such a unique and exquisite property.
For further information about this property, please contact Carlo Dipasquale from Cervera Real Estate at 786.512.5094 or email [email protected]. Co-listed by Igaro Goncalves, who can be reached at 617.642.2164 or [email protected].
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Miami Beach Single Family Residence Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93