Updated May 12, 2025
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.
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
7.94%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93