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2767 Sunset Drive, Miami Be...

Updated Feb 16, 2024

Constantine & Angela Karides Acquire Sunset Islands Single Family For $17.3M
SOLDSingle Family Residence

Constantine & Angela Karides Acquire Sunset Islands Single Family For $17.3M

2767 Sunset Drive, Miami Beach, Florida 33140, United States

$17,300,000

$2,239/SF

Building Size

7,725 SF

Asset Type

Single Family Residence

Closing

Apr 28, 2022

About this deal

AI

Located in the prestigious Sunset Islands neighborhood, this single family home at 2767 Sunset Drive recently changed hands in a closed transaction. The property features a spacious 7,725 square feet of interior space, offering ample room for comfortable living. The sale price of $17,300,000 reflects a price per square foot of $2,239, showcasing the remarkable value of this residence.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $17,300,000
  • Address: 2767 Sunset Drive
  • Market: Sunset Islands

Constantine and Angela Karides are the proud new owners of this stunning property. Represented by Mick Duchon and Eloy Carmenate from Corcoran, they surely made a wise investment decision. The previous owner, Andrew Sasson, chose to sell the residence with the assistance of David Solomon and Jacqueline Oliva from Berkshire Hathaway HomeServices EWM Realty. citibank''>Citibank played a pivotal role in the deal as the lender.

This successful sale is a testament to the desirability of the Sunset Islands neighborhood and the allure of this particular property. The transaction attracted the attention of prominent brokers and representatives who facilitated the smooth transfer of ownership. It's an exciting time for the new owners as they embark on a new chapter in this remarkable home.

Players

David Hunt Solomon

Coldwell Banker

Broker

$186.9M

vol

29 deals

Broker

Angela Karides

Buyer

$44.2M

vol

3 deals

Buyer
Citibank
CitibankLender

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $2.2K per square foot on a published $17.3M for 7,725 square feet (2022).

Visit Jacqueline Oliva to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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