Updated Feb 16, 2024
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
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93