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4630 Royal Palm Avenue, Mia...

Updated May 12, 2025

SOLDSingle Family Residence

Jonathan & Michal Weinstein Acquire Miami Beach SFR From Lior & Tiva Leser For $1.99M

4630 Royal Palm Avenue, Miami Beach, FL 33140

$1,999,000

$597/SF

Building Size

3,347 SF

Asset Type

Single Family Residence

Closing

Jun 30, 2020

About this deal

AI

The asset involved in this transaction is a single-family residence located at 4630 Royal Palm Ave in the Miami Beach market. The property has a total square footage of 3,347 and was listed at an asking price of $1,999,000, which matches the final sale price, resulting in a price per square foot of $597.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $1,999,000
  • Address: 4630 Royal Palm Ave
  • Market: Miami Beach
  • Square Footage: 3,347
  • Price per Square Foot: $597
  • Buyer: Jonathan & Michal Weinstein
  • Seller: Lior & Tiva Leser
  • Buyer's Representative: Sharon Beck - Luxuri International
  • Seller's Representative: Melissa DeLisle - One Sothebys

The deal involved buyer representatives from Luxuri International and seller representatives from One Sothebys participating in the transaction. Sharon Beck represented the buyers, Jonathan and Michal Weinstein, while Melissa DeLisle represented the sellers, Lior and Tiva Leser, facilitating the closing process of the transaction.

Players

Melissa DeLisle

Sotheby's International Realty

Broker

$2M

vol

1 deal

Broker

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $597 per square foot on a published $2M for 3,347 square feet (2020).

Visit Sotheby's International Realty to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.94%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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