Oren Alexander Sells Miami Beach SFR For $27.5M With Buyer's Rep Nancy Batchelor & Michelle Shurtleff - Compass
3541 Flamingo Dr Miami Beach, FL 33140, USA
$27,500,000
$2,391/SF
Building Size
11,500 SF
Asset Type
Single Family Residence
Closing
May 31, 2023
AI
The property involved in the transaction is a single-family residence located at 3541 Flamingo Drive in Miami Beach. It was sold for a total of $27,500,000. The property spans 11,500 square feet, resulting in a price per square foot of $2,391.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $27,500,000
- Address: 3541 Flamingo Drive, Miami Beach
- Market: Miami Beach
The seller of the property was Oren Alexander. Representing the buyer was Nancy Batchelor and Michelle Shurtleff from Compass. Oren Alexander and Tal Alexander from Official acted as the seller's representatives in the deal.
Players
Miami 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
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93