Lindsey Vonn Acquires SFR In Miami Beach For $10.5M From Seller Jonathan Campau
3605 Flamingo Dr, Miami Beach, FL 33140
$10,500,000
$1,693/SF
Building Size
6,200 SF
Asset Type
Single Family Residence
Closing
Aug 22, 2023
AI
The property involved in this transaction is a Single Family Residence (SFR) located at 3605 Flamingo Drive in Miami Beach. It was sold for a price of $10,500,000. The property has a square footage of 6,200, resulting in a price per square foot (PPSF) of $1,693.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $10,500,000
- Square Footage: 6,200
- Price Per Square Foot: $1,693
- Address: 3605 Flamingo Drive, Miami Beach
- Market: Miami Beach
Lindsey Vonn was the buyer in this transaction, while Jonathan Campau was the seller. The broker representatives involved in the deal were Sharon Beck and Larry Shinbaum from Luxuri International Real Estate Miami. It is worth noting that Sharon Beck specializes in brokering off-market luxury properties in Miami Beach, and this is her second time selling 3605 Flamingo Drive in under one year.
Furthermore, the sale of this property comes after the most expensive sale on the block, where @OrenAlexanders home was sold for a record $27.5 million in June. The Flamingo Drive block has become one of the most desirable locations in Miami Beach, and Luxuri International Realty has been instrumental in setting the standard for luxury waterfront sales in the area.
Players
Miami Beach 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93