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451 East Dilido Drive, Miam...

Nicholas & Grace Leone Acquire Miami Beach SFR For $11.8M With Buyer's Rep Pietro Belmonte & Seller's Rep Dora Puig
SOLDSingle Family Residence

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

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.

Players

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

86 deals

Broker
Luxury Living Realty
Luxury Living RealtyBrokerage
Invesco Real Estate
Invesco Real EstateLender

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