Bill Contente Sells Single Family Home In Miami Beach For $9.2 Million With Buyer’s Rep Todd Lewin
SOLD
$9,200,000
Florida
See Similar DealsSingle Family Residence6,188 SF
Sold 03/05/2025
SOLD
Bill Contente Sells Single Family Home In Miami Beach For $9.2 Million With Buyer’s Rep Todd Lewin
3125 Pine Tree Drive
See Similar DealsSingle Family Residence6,188 SF
Sold 03/05/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,486
Total Square Footage:6,188 SF
Transaction Type:Sale
The asset involved in this transaction is a single-family home located at 3125 Pine Tree Drive in Miami Beach. The sale price was $9,200,000, reflecting a square footage of 6,188 and a price per square foot of $1,486.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,200,000
- Seller: Bill Contente
- Buyer's Representative: Todd Lewin - Compass
- Date of Transaction: 03/05/2025
Key individuals in the transaction include Bill Contente, the seller of the property, and Todd Lewin of Compass, who represented the buyer in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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