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445 East Rivo Alto Drive

Peter Thiel Acquires Miami Beach SFR For $18M With Buyer's Rep Douglas Kinsley & Seller's Rep Dora Puig
SOLDSingle Family Residence

Peter Thiel Acquires Miami Beach SFR For $18M With Buyer's Rep Douglas Kinsley & Seller's Rep Dora Puig

445 East Rivo Alto Drive

$18,000,000

$1,792/SF

Building Size

10,041 SF

Asset Type

Single Family Residence

Closing

Sep 21, 2020

AI

The property involved in this closed transaction is a Single Family Residence located at 445-441 East Rivo Alto Drive in Miami Beach. The property has a total square footage of 10,041 and was sold for a price of $18,000,000. The price per square foot for this transaction is $1,793.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $18,000,000
  • Address: 445-441 East Rivo Alto Drive, Miami Beach
  • Market: Miami Beach

Peter Thiel purchased the property from Jacques Nasser. Douglas Kinsley from Fortune International Realty represented Peter Thiel as the buyer's representative, while Dora Puig from Luxe Living Realty represented Jacques Nasser as the seller's representative.

Players

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

86 deals

Broker
Luxury Living Realty
Luxury Living RealtyBrokerage

Jacques Nasser

Seller

$54.5M

vol

3 deals

Seller

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

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93