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3114 North Bay Road

Daniel Rosa Of Gary Hennes Realtors Acquires SFR On North Bay Road For $24.75M
SOLDSingle Family Residence

Daniel Rosa Of Gary Hennes Realtors Acquires SFR On North Bay Road For $24.75M

3114 North Bay Road

$24,750,000

$2,668/SF

Building Size

9,274 SF

Asset Type

Single Family Residence

Closing

Jan 3, 2023

AI

The 9,274 square-foot single-family home located at 3114 North Bay Road in Miami Beach has been sold for $24,750,000. The property, originally built by developer Felix Cohen in 2017 and sold for $16,500,000, offers stunning views of Biscayne Bay and downtown Miami. With its contemporary design, the home features 25-foot library ceilings, Apure & Henge lighting, Siberian oak & limestone flooring, and Venetian stucco walls. The neutral aesthetic is complemented by bold features, including Dornbracht rose gold primary suite fixtures and a dramatic noir ITALKRAFT kitchen. The floor plan includes six bedrooms upstairs, while the outdoor amenities boast a 103-foot mosaic pool and spa, a massage pavilion, a summer kitchen, and a rooftop terrace accessible by elevator. Additional features include Crestron automation, 100 feet of frontage, a dock, and a boat lift.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $24,750,000
  • Property Size: 9,274 square feet
  • Price Per Square Foot: $2,669
  • Address: 3114 North Bay Road, Miami Beach
  • Market: Miami Beach

Daniel Rosa, representing Gary Hennes Realtors, acted as the buyer's representative in this transaction. The seller of the property was Eric Dalius. The home was on the market for 21 days before the sale was closed. The buyer, Home Sweet Home Revocable Trust, entrusted Daniel Rosa to handle the purchase.

Gary Hennes Realtors is recognized as a top-ranked real estate agency in Miami Beach, specializing in luxury residential and commercial properties. With 17 years of experience, the firm, founded by Gary Hennes, has established a strong presence in Miami Beach, downtown Miami, Brickell, Surfside, and select areas of South Florida. Their team of 54 Realtors has successfully competed against larger New York and national franchise agencies in the area.

Contact Daniel Rosa of Gary Hennes Realtors at 646.417.4708 or via email at [email protected].

Players

Daniel Rosa

Broker

$47.7M

vol

3 deals

Broker

Eric Dalius

Seller

$49.5M

vol

2 deals

Seller

North Bay 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

0.64%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93