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Katrina Campins Acquires SFR On Palm Island, Miami Beach From Mallory McGuire & Mirce Curkoski. Record Sale: Highest Non-Waterfront Home Sale

Property Image
SOLD
$5,575,000
Mallory McGuire
Katrina Campins
Mirce Curkoski

Florida

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Single Family Residence4,886 SF
Sold 11/16/2021
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Single Family Residence4,886 SF
Sold 11/16/2021
Mallory McGuire
Katrina Campins
Mirce Curkoski
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,141
Total Square Footage:4,886 SF
Transaction Type:Sale

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

Mirce Curkoski
Sotheby's International Realty
Mirce Curkoski
22 deals$356.5M volume
BROKER
Katrina Campins
Katrina Campins
8 deals$64.6M volume
BROKER
Mallory McGuire
Sotheby's International Realty
Mallory McGuire
10 deals$73.2M volume
BROKER

Details

SOLD
IMAGE: Katrina Campins, Mallory McGuire & Mirce Curkoski DATE: 11/16/2021 ADDRESS: 254 Palm Ave MARKET: Palm Island, Miami Beach ASSET TYPE: SFR BUYER'S REP: Katrina Campins (@KatrinaCampins) - The Campins Company SELLER'S REP: Mallory McGuire (@MalloryJMcguire) & Mirce Curkoski - One Sotheby's International Realty ASKING PRICE: $5,695,000 SALE PRICE: $5,575,000 SF: 4,886 ~ PPSF: $1,141 NOTE: Record Sale: Highest Sale price for non-waterfront home on Palm Island.

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

$297,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,806.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,428.34
Annual Debt Service$317,140.13