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2608 Biarritz Drive, Miami ...

Berkshire Hathaway Acquires Miami Beach Single Family Home For $15.5M
SOLDSingle Family Residence

Berkshire Hathaway Acquires Miami Beach Single Family Home For $15.5M

2608 Biarritz Drive, Miami Beach, Florida 33141, United States

$15,500,000

$2,634/SF

Building Size

5,884 SF

Asset Type

Single Family Residence

Closing

Oct 6, 2022

AI

The single-family property located at 2608 Biarritz Drive in Miami Beach has been sold for a price of $15,500,000. The property spans approximately 0.3 acres and offers a total of 5,884 square feet of living space. With a price per square foot of $2,634, this transaction showcases the high value of the property.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $15,500,000
  • Address: 2608 Biarritz Drive, Miami Beach
  • Market: Miami Beach
  • Acres: 0.3

Nelson Gonzalez of Berkshire Hathaway HomeServices EWM represented the seller, Cedeno Camacho of Atrio Insurance Group, during this transaction. The buyer was represented by Carolina Lara of One Sotheby’s International Realty. This team of experienced professionals played key roles in facilitating the sale.

Players

Nelson Gonzalez

Berkshire Hathaway HomeServices

Broker

$761.2M

vol

44 deals

Broker

Miami Beach 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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93