Oliver Lloyd Of Douglas Elliman Represents Seller In $45 Million Sale At 40 Palm Avenue Miami Beach
40 Palm Avenue
$45,000,000
$3,014/SF
Building Size
14,930 SF
Asset Type
Single Family Residence
Closing
Feb 27, 2025
AI
A single-family asset located at 40 Palm Avenue in Miami Beach has been sold for a total of $45,000,000. The property occupies a space of 14,930 square feet, resulting in a price per square foot of $3,014. The transaction took place off-market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $45,000,000
- Address: 40 Palm Avenue
- Market: Miami Beach
- Square Footage: 14,930
- Price per Square Foot: $3,014
- Brokers: Oliver Lloyd - Douglas Elliman; Matthew Dugow - Compass
Oliver Lloyd from Douglas Elliman and Matthew Dugow from Compass represented the involved parties in this transaction. The sale showcases their capabilities within the Miami Beach real estate market.
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93