Udo & Cornelia Heckenbach Sell Single Family Home In Miami Beach For $2.15M With Representatives
SOLD
$2,154,200
Florida
See Similar DealsSingle Family Residence1,622 SF
Sold 11/25/2025
SOLD
Udo & Cornelia Heckenbach Sell Single Family Home In Miami Beach For $2.15M With Representatives
3435 Royal Palm Avenue
See Similar DealsSingle Family Residence1,622 SF
Sold 11/25/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,328
Total Square Footage:1,622 SF
Transaction Type:Sale
The property asset involved in this transaction is a single-family home located at 3435 Royal Palm Avenue in the Miami Beach market. The sale price was $2,154,200, with a total square footage of 1,622 and a price per square foot of $1,328.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,154,200
- Address: 3435 Royal Palm Avenue
- Market: Miami Beach
- Square Footage: 1,622
- Price per Square Foot: $1,328
- Seller: Udo & Cornelia Heckenbach
- Buyer's Representative: David Hunt Solomon & Jacqueline Oliva - Berkshire Hathaway HomeServices
- Seller's Representative: Audrey Ross - Compass
- Attorney: Lauren Morales - The Elias Law Firm
This transaction involved key figures including the seller Udo & Cornelia Heckenbach, who progressed with the sale, and their representatives engaged in the deal, including Audrey Ross representing the sellers and David Hunt Solomon along with Jacqueline Oliva as representatives for the buyers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,890.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,653.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,212.01
Annual Debt Service$122,544.08
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