Sharon Beck's Z Miami Brokers Off-Market Sale Of $12.25M SFR On Miami Beach's Pine Tree Drive
4411 Pine Tree Drive, Miami Beach, Fl 33140
$12,250,000
$1,031/SF
Building Size
11,878 SF
Asset Type
Single Family Residence
Closing
May 9, 2021
AI
The property asset involved in the transaction is a single-family residence located at 4411 Pine Tree Drive in Miami Beach. The sale price of the property was $12,250,000. The total square footage measures 11,878, with a price per square foot of $1,031. The lot size of the property is 39,000 square feet.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $12,250,000
- Square Footage: 11,878
- Price Per Square Foot: $1,031
- Lot Size: 39,000
- Date of Sale: 05/11/2021
- Broker: Sharon Beck - Z Miami
- Market: Miami Beach
This transaction was conducted off market, indicating a private sale that did not involve public listing. Broker Sharon Beck represented the seller in this deal.
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93