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Yair Gomes And Yajaira Halabi Purchase Single Family Home On Bay Point Road For $4.8M

Property Image
SOLD
$4,800,000

Florida

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Single Family Residence5,230 SF
Sold 11/15/2024
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Property Image
SOLD

Yair Gomes And Yajaira Halabi Purchase Single Family Home On Bay Point Road For $4.8M

4700 Bay Point Road

See Similar Deals
Single Family Residence5,230 SF
Sold 11/15/2024
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$917
Total Square Footage:5,230 SF
Transaction Type:Sale

The property involved in this transaction is a Single Family home located at 4700 Bay Point Road in Miami. The sale price of the property was $4,800,000, with a total square footage of 5,230. The price per square foot amounts to $917.

Summary of transation details:

  • Property Type: Single Family
  • Transaction Amount: $4,800,000
  • Address: 4700 Bay Point Road
  • Market: Miami
  • Square Footage: 5,230
  • Price per Square Foot: $917
  • Buyer: Yair Gomes & Yajaira Halabi
  • Seller: Douglas and Leda Jones
  • Seller's Representative: Jonathan Garcia - ONE Sotheby's International Realty

The deal was marked by a record sale, noted as the highest price for a renovated home on Bay Point Road, suggesting a significant milestone in the local real estate market.

Players

Jonathan Garcia
3 deals$18M volume(305) 494-5547
BROKER

Details

SOLD
IMAGE: Jonathan Garcia DATE: 11/15/2024 ADDRESS: 4700 Bay Point Road MARKET: Miami ASSET TYPE: Single Family BUYER: Yair Gomes & Yajaira Halabi SELLER: Douglas and Leda Jones SELLER'S REP: Jonathan Garcia (@JGSellingmiami) - ONE Sotheby's International Realty (@Onesir) SALE PRICE: $4,800,000 SF: 5,230 ~ PPSF: $917 NOTE FROM BROKER: Record Sale | Highest Price, Renovated Home on Bay Point Rd.

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

$256,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39