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Rick Ross Acquires SFR In Miami Beach From Yale Brown For $35M

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SOLD
$35,000,000

Florida

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Single Family Residence12,374 SF
Sold 08/14/2023
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Property Image
SOLD

Rick Ross Acquires SFR In Miami Beach From Yale Brown For $35M

37 Star Island Dr, Miami Beach, FL 33139

See Similar Deals
Single Family Residence12,374 SF
Sold 08/14/2023
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,828
Total Square Footage:12,374 SF
Transaction Type:Sale

The property involved in this transaction is a single-family home located at 37 Star Island Drive in Miami Beach. The property spans 12,374 square feet, with a price per square foot of $2,829. The sale price for this property is $35,000,000. The buyer, Rick Ross, is acquiring the property from the seller, Yale Brown. The transaction was facilitated by Kimberly Knausz from ONE Sotheby's International Realty.

Summary of transaction details:

  • Property Type: Single Family Home (SFR)
  • Transaction Amount: $35,000,000
  • Square Footage: 12,374
  • Price Per Square Foot: $2,829
  • Address: 37 Star Island Drive, Miami Beach
  • Buyer: Rick Ross
  • Seller: Yale Brown
  • Broker: Kimberly Knausz - ONE Sotheby's International Realty

Kimberly Knausz, representing ONE Sotheby's International Realty, played a key role in facilitating the transaction between Rick Ross and Yale Brown. This high-value deal highlights the desirability of properties in Miami Beach's market. The impressive square footage and the prestigious location of the property on Star Island Drive are factors that likely contributed to the sale's substantial price. This transaction showcases the expertise and professionalism of Kimberly Knausz and ONE Sotheby's International Realty in the luxury real estate market.

Players

Kimberly Knausz
3 deals$76M volume(954) 579-8860
BROKER


2 deals$72.5M volume
SELLER

Details

SOLD
IMAGE: Kimberly Knausz & Rick Ross, DATE: 08/14/2023 ADDRESS: 37 Star Island Drive MARKET: Miami Beach ASSET TYPE: SFR BUYER: Rick Ross (@Richforever) SELLER: Yale Brown BROKER: Kimberly Knausz (@TheRealtorKimK) - ONE Sotheby’s International Realty (@onesir) SALE PRICE: $35,000,000 SF: 12,374 ~ PPSF: $2,829

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
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