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Luxury SFR On Star Island Dr In Miami Beach Sold For $39M With Buyer's Rep Jill Hertzberg & Seller's Rep Dora Puig

Property Image
SOLD
$39,000,000
Alexa Iacovelli
Jill Hertzberg
Dora Puig

Florida

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Single Family Residence18,356 SF
Sold 03/15/2021
the dealplayerscompscontact
Property Image
SOLD

Luxury SFR On Star Island Dr In Miami Beach Sold For $39M With Buyer's Rep Jill Hertzberg & Seller's Rep Dora Puig

46 West Star Island Drive, Miami Beach, FL, USA

See Similar Deals
Single Family Residence18,356 SF
Sold 03/15/2021
Alexa Iacovelli
Jill Hertzberg
Dora Puig
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,124
Total Square Footage:18,356 SF
Transaction Type:Sale

Located in Miami Beach, the SFR at 46 Star Island Dr recently changed hands in a closed sale transaction. The property spans 18,356 square feet and was sold for a price of $39,000,000, resulting in a price per square foot of $2,125. The sale took place on March 15, 2021.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $39,000,000
  • Address: 46 Star Island Dr, Miami Beach
  • Market: Miami Beach

The seller of the property was Marc Iacovelli. Representing the buyer was Jill Hertzberg from The Jills Zeder Group at Coldwell Banker. On the seller's side, the deal was handled by Dora Puig and Alexa Iacovelli from Luxe Living Realty.

Players

Dora Puig
Luxe Living Realty
Dora Puig
86 deals$1.4B volume(305) 613-2118
BROKER
Jill Hertzberg
Coldwell Banker
Jill Hertzberg
87 deals$2.3B volume
BROKER
Alexa Iacovelli
Alexa Iacovelli
3 deals$50.9M volume
BROKER
Luxury Living Realty
Luxury Living Realty
BROKERAGE

Details

SOLD
IMAGE: Alexa Iacovelli, Jill Hertzberg & Dora Puig DATE: 03/15/2021 ADDRESS: 46 Star Island Dr MARKET: Miami Beach ASSET TYPE: SFR SELLER: Marc Iacovelli BUYER'S REP: Jill Hertzberg - The Jills Zeder Group - Coldwell Banker SELLER'S REP: Dora Puig & Alexa Iacovelli - Luxe Living Realty PRICE: $39,000,000 SF: 18,356 ~ PPSF: $2,125

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,080,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$138,558.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$184,879.90
Annual Debt Service$2,218,558.76