Updated Dec 19, 2024
Nicholas & Grace Leone Acquire Miami Beach SFR For $11.8M With Buyer's Rep Pietro Belmonte & Seller's Rep Dora Puig
451 East Dilido Drive, Miami Beach, FL, USA
$11,800,000
$2,449/SF
Building Size
4,818 SF
Asset Type
Single Family Residence
Closing
Feb 28, 2021
About this deal
AI
A single-family home located at 451 East Dilido Drive in Miami Beach has been sold for a price of $11,800,000. The property spans across 4,818 square feet with a price per square foot of $2,449. It was sold on March 1, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $11,800,000
- Address: 451 East Dilido Drive, Miami Beach
- Market: Miami Beach
The buyers of this property are Nicholas and Grace Leone, while Zora Foote and Colin Meadows, representing Invesco, served as the sellers. The buyer was represented by Pietro Belmonte from Douglas Elliman, and the seller was represented by Dora Puig from Luxe Living Realty.
On the Map
$11,800,000
$2,449/SF
Single Family Residence
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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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93