David Hunt Solomon Acquires Single Family Home In Miami Beach For $3.4M With Berkshire Hathaway HomeServices
SOLD
Florida
See Similar DealsSingle Family Residence3,626 SF
Sold 10/01/2025
SOLD
David Hunt Solomon Acquires Single Family Home In Miami Beach For $3.4M With Berkshire Hathaway HomeServices
2880 Fairgreen Drive
See Similar DealsSingle Family Residence3,626 SF
Sold 10/01/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$937
Total Square Footage:3,626 SF
Transaction Type:Sale
A single-family home located at 2880 Fairgreen Drive in the Miami Beach market has been sold for $3,400,000. The property spans 3,626 square feet, with a price per square foot of $937.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,400,000
- Address: 2880 Fairgreen Drive
- Buyer: David Hunt Solomon
- Seller: Roch Nakajima
- Buyer's Representative: David Hunt Solomon & Jacqueline Oliva - Berkshire Hathaway HomeServices
- Seller's Representative: Dora Puig - Luxe Living Realty
David Hunt Solomon plans to transition the existing single-family home through a development process involving demolition, vacant land, and new construction. He collaborates with Solomon & Co and Touzet Studio to document the journey of this real estate project.
Players
BROKERAGE
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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