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3100 North Bay Road

Updated Sep 5, 2024

Frank Farian Sells Miami Beach Waterfront Lot For $13.6M With Buyer's Rep Curkoski & Seller's Rep Barbosa
SOLDSingle Family Residence

Frank Farian Sells Miami Beach Waterfront Lot For $13.6M With Buyer's Rep Curkoski & Seller's Rep Barbosa

3100 North Bay Road

$13,600,000

Building Size

—

Asset Type

Single Family Residence

Closing

Aug 25, 2023

About this deal

AI

A waterfront lot with mansion plans in Miami Beach was sold by music producer Frank Farian for $13.6 million. The property, located at 3100 North Bay Road, covers an area of 0.5 acres. Farian originally purchased the lot for $1.4 million in 2001 and recently listed it for $16.5 million in 2021.

Summary of transaction details

Mirce Curkoski and Albert Justo of One Sotheby’s International Realty acted as the buyer's representatives in the transaction, while Rodrigo Barbosa of Premier Flat Fee Realty represented the seller, Frank Farian. The sale marks a significant increase in value compared to the original purchase price, showcasing the property's appreciation over the years.

On the Map

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$13,600,000

Single Family Residence

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Players

Albert Justo

Sotheby's International Realty

Broker

$411.6M

vol

21 deals

Broker
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Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

Frank Farian bought a home in Miami Beach for $13.6M in 2023. The full closing is on this page.

Visit Mirce Curkoski to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.17%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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