Updated Oct 6, 2026
SOLDSingle Family Residence
Nisan Ghershon Sells 261 189th Terrace In Sunny Isles Beach For $5.8M With Dylan Vega As Seller's Rep
261 189th Terrace
$5,800,000
$1,288/SF
Building Size
4,500 SF
Asset Type
Single Family Residence
Closing
Oct 1, 2026
About this deal
AI
The property involved in this transaction is a single-family home located at 261 189th Terrace in Sunny Isles Beach. It has a total square footage of 4,500 and was sold for $5,800,000, resulting in a price per square foot of $1,288.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,800,000
- Address: 261 189th Terrace
- Market: Sunny Isles Beach
- Square Footage: 4,500
- Price per Square Foot: $1,288
- Seller: Nisan Ghershon
- Seller's Representative: Dylan Vega - Optimar International Realty
This transaction is notable as it represents the highest non-waterfront single-family home sale ever recorded in Sunny Isles Beach, as highlighted by Dylan Vega, the seller's representative. The sale was conducted off market.
On the Map
$5,800,000
$1,288/SF
Single Family Residence
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Sunny Isles Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $5.8M for 4,500 square feet (2026).
Visit Optimar International Realty to view all their deals.
Browse Sunny Isles Beach single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93