Updated Dec 20, 2023
Eddie Irvine Acquires SFR In Miami Beach For $7.6M From Seller Neal & Becki Litman
424 West Rivo Alto Drive, Miami Beach, FL, USA
$7,600,000
$1,409/SF
Building Size
5,392 SF
Asset Type
Single Family Residence
Closing
Dec 16, 2020
About this deal
AI
An SFR located at 424 Rivo Alto Drive in Miami Beach was recently sold for $7,600,000. The property spans 5,392 square feet, resulting in a price per square foot of $1,409. The sale took place on December 17, 2020, and the transaction involved the following key individuals and companies:
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,600,000
- Address: 424 Rivo Alto Drive
- Market: Miami Beach
The buyer, Eddie Irvine, acquired the property from Neal & Becki Litman. The transaction was facilitated by broker Julian Johnston from The Corcoran Group.
On the Map
$7,600,000
$1,409/SF
Single Family Residence
View full map
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $1.4K per square foot on a published $7.6M for 5,392 square feet (2020).
Visit Julian Johnston to view all their deals.
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93