Investco Finance LLC Acquires SFR In Bay Point, Miami For $6.6M

A single-family residential (SFR) property located at 4241 Palm Ln in Bay Point, Miami has been sold. The property, with a total area of 1,187 square feet, was sold for a total sale price of $6,625,000, resulting in a price per square foot of $5,581. The transaction took place on July 1, 2021.

Summary of transaction details:

• Property Type: SFR
• Transaction Amount: $6,625,000
• Property Address: 4241 Palm Ln, Bay Point, Miami
• Market: Bay Point, Miami

The buyer of the property is Investco Finance LLC, while the seller is Seth Gissen. Ana Teresa Rodriguez represented the buyer, Investco Finance LLC, and Stuart Drossner acted as the seller's representative in the deal.

It is important to note that the asking price for the property was $6,850,000, indicating that the sale price of $6,625,000 was slightly below the original asking price.