Lynne Grusby Sells Miami Beach Single Family Home For $9 Million With Joel Lusky As Seller's Rep
SOLD
$9,000,000
Florida
See Similar DealsSingle Family Residence2,813 SF
Sold 11/20/2025
SOLD
Lynne Grusby Sells Miami Beach Single Family Home For $9 Million With Joel Lusky As Seller's Rep
460 West Dilido Drive
See Similar DealsSingle Family Residence2,813 SF
Sold 11/20/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,199
Total Square Footage:2,813 SF
Transaction Type:Sale
A single family property located at 460 West Dilido Drive in the Miami Beach market has been sold for $9,000,000. The residence encompasses a total area of 2,813 square feet, resulting in a price per square foot of $3,199.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,000,000
- Address: 460 West Dilido Drive
- Market: Miami Beach
- Square Footage: 2,813
- Price per Square Foot: $3,199
- Seller: Lynne Grusby
- Buyer's Representative: Jordan Karp - Jordan Karp LLC
- Seller's Representative: Joel Lusky - The Brokerage South Florida Real Estate
The transaction involved Lynne Grusby as the seller, while Jordan Karp represented the buyer through Jordan Karp LLC. The seller was represented by Joel Lusky from The Brokerage South Florida Real Estate in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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