Katrina Campins Acquires SFR On Palm Island, Miami Beach From Mallory McGuire & Mirce Curkoski. Record Sale: Highest Non-Waterfront Home Sale
254 Palm Ave, Miami Beach, FL, USA
$5,575,000
$1,141/SF
Building Size
4,886 SF
Asset Type
Single Family Residence
Closing
Nov 16, 2021
AI
A single-family residential property located at 254 Palm Ave in Palm Island, Miami Beach has been sold.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,575,000
- Address: 254 Palm Ave, Palm Island, Miami Beach
- Market: Palm Island, Miami Beach
- Square Footage: 4,886
- Price per Square Foot: $1,141
The buyer's representative for this transaction was Katrina Campins from The Campins Company, while the seller's representatives were Mallory McGuire and Mirce Curkoski from One Sotheby's International Realty.
This sale marked a record-breaking moment as it achieved the highest sale price for a non-waterfront home on Palm Island.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.85%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93