Alexander Karakhanian Purchases Miami Beach Waterfront Home From Arthur & Barbara Leibell For $9.25M

The property involved in this transaction is a single-family home located at 330 West Rivo Alto Drive in the Miami Beach market. The asset has a square footage of 10,500 and was sold for a price of $9,253,000, equating to a price per square foot of $881.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $9,253,000
• Address: 330 West Rivo Alto Drive
• Market: Miami Beach
• Square Footage: 10,500
• Price Per Square Foot: $881
• Buyer: Alexander Karakhanian
• Seller: Arthur & Barbara Leibell
• Buyer’s Representative: Mirce Curkoski & Alberto Justo - One Sotheby’s International Realty
• Seller’s Representative: Jonathan Eismann - Gridline Properties

Gridline Properties represented the Sellers in this transaction, facilitating the sale of their waterfront property, which features sixty feet of water on the bay and open access to the ocean. The buyer’s representatives, Mirce Curkoski and Alberto Justo, were associated with One Sotheby’s International Realty. Jonathan Eismann PA discreetly managed the sale of the property in as-is knockdown condition, which was sold for future redevelopment and attracted interest quickly after listing.