Miami Beach Home Sells for $6.2M. Buyer Represented by Oliver Lloyd, Seller by Simone Weissman Stein & Nancy Batchelor
SOLD
$6,200,000
Florida
See Similar DealsSingle Family Residence4,351 SF
Sold 06/27/2025
SOLD
Miami Beach Home Sells for $6.2M. Buyer Represented by Oliver Lloyd, Seller by Simone Weissman Stein & Nancy Batchelor
2815 Pine Tree Drive
See Similar DealsSingle Family Residence4,351 SF
Sold 06/27/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,425
Total Square Footage:4,351 SF
Transaction Type:Sale
The property asset involved in the transaction is a single-family home located at 2815 Pine Tree Drive in Miami Beach. The sale price for the property was $6,200,000, featuring a total area of 4,351 square feet, which equates to a price per square foot of $1,424.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $6,200,000
- Square Footage: 4,351
- Price Per Square Foot: $1,424
- Address: 2815 Pine Tree Drive
- Market: Miami Beach
- Buyer's Representative: Oliver Lloyd - Douglas Elliman
- Seller's Representatives: Simone Weissman Stein & Nancy Batchelor - Compass
In this transaction, Oliver Lloyd represented the buyer, while Simone Weissman Stein and Nancy Batchelor represented the seller, facilitating the transfer of ownership for the property located at 2815 Pine Tree Drive.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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