facebook
Traded Co logo
Submit

Sotheby's International Realty Brokers Close Sale Of Single Family Home In Sunny Isles Beach For $11.5M

Property Image
SOLD
$11,500,000

Florida

See Similar Deals
Single Family Residence5,700 SF
Sold 08/07/2024
the dealplayerscompscontact
Property Image
SOLD

Sotheby's International Realty Brokers Close Sale Of Single Family Home In Sunny Isles Beach For $11.5M

311 Atlantic Avenue

See Similar Deals
Single Family Residence5,700 SF
Sold 08/07/2024
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,017
Total Square Footage:5,700 SF
Transaction Type:Sale

The property asset involved in this transaction is a single-family home located at 311 Atlantic Avenue in Sunny Isles Beach. It has an asking price of $12,495,000 and sold for $11,500,000. The total square footage of the property is 5,700, resulting in a price per square foot of $2,017.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $11,500,000
  • Asking Price: $12,495,000
  • Square Footage: 5,700
  • Price per Square Foot: $2,017
  • Address: 311 Atlantic Avenue
  • Market: Sunny Isles Beach

The transaction involved brokers Vanessa Frank, Saddy Abaunza Delgado, and Valeria Kelly, representing the seller through Sotheby's International Realty. Their collective efforts facilitated the successful sale of the property.

Players

Saddy Abaunza Delgado
11 deals$159.8M volume
BROKER

Valeria Kelly
Sotheby's International Realty
3 deals$35.2M volume
BROKER

Vanessa Frank
Sotheby's International Realty
14 deals$57.7M volume
BROKER

Details

SOLD
IMAGE: Valeria Kelly, Saddy Abaunza Delgado & Vanessa Frank DATE: 08/06/2024 ADDRESS: 311 Atlantic Avenue MARKET: Sunny Isles Beach ASSET TYPE: Single Family BROKERS: Vanessa Frank (@VanessaFrankMiami), Saddy Abaunza Delgado (@SaddyAbaunzaDelgado) & Valeria Kelly (@Valeria.Kelly_AbaunzaGroup) - Sotheby's International Realty (@SothebysRealty) ASKING PRICE: $12,495,000 SALE PRICE: $11,500,000 SF: 5,700 ~ PPSF: $2,017

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$613,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40