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4404 North Bay Road, Miami ...

Rande Gerber & Cindy Crawford Acquire SFR In Miami Beach For $9.6M
SOLDSingle Family Residence

Rande Gerber & Cindy Crawford Acquire SFR In Miami Beach For $9.6M

4404 North Bay Road, Miami Beach, FL, USA

$9,625,000

$2,530/SF

Building Size

3,803 SF

Asset Type

Single Family Residence

Closing

Dec 29, 2020

AI

Rande Gerber and Cindy Crawford have recently purchased a single-family home located at 4404 N. Bay Road in Miami Beach. The property, spanning 3,803 square feet, was sold for $9,625,000, resulting in a price per square foot of $2,531. This transaction took place on 12/30/2020.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $9,625,000
  • Square Footage: 3,803
  • Address: 4404 N. Bay Road, Miami Beach

Esther Percal of Berkshire Hathaway HomeServices EWM Realty represented Rande Gerber and Cindy Crawford as their buyer's representative in this deal. On the seller's side, Mirce Curkoski and Albert Justo of One Sotheby’s International Realty acted as the seller's representatives.

Players

Esther Percal

Berkshire Hathaway HomeServices

Broker

$51.4M

vol

8 deals

Broker

Rande Gerber

Buyer

$23.1M

vol

4 deals

Buyer

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

1.65%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93