Poran Bal-Shamaei Sells Single Family Home At 449 Isle Of Palms Drive For $4.05M
SOLD
$4,050,000
Florida
See Similar DealsSingle Family Residence4,251 SF
Sold 12/03/2025
SOLD
Poran Bal-Shamaei Sells Single Family Home At 449 Isle Of Palms Drive For $4.05M
449 Isle Of Palms Drive
See Similar DealsSingle Family Residence4,251 SF
Sold 12/03/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$952
Total Square Footage:4,251 SF
Transaction Type:Sale
The property asset involved in this transaction is a single-family home located at 449 Isle of Palms Drive in the Fort Lauderdale market. The sale was completed at a price of $4,050,000, encompassing a total square footage of 4,251, resulting in a price per square foot of $952.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,050,000
- Address: 449 Isle of Palms Drive
- Market: Fort Lauderdale
- Square Footage: 4,251
- Price Per Square Foot: $952
- Seller: Poran Bal-Shamaei
- Broker: Giulio Milano - Compass
The deal featured Poran Bal-Shamaei as the seller, with broker Giulio Milano representing the transaction. This involvement highlights the engagement of Compass in the real estate brokerage domain associated with the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$216,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,388.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,199.07
Annual Debt Service$230,388.79
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