Yair Gomes And Yajaira Halabi Purchase Single Family Home On Bay Point Road For $4.8M
4700 Bay Point Road
$4,800,000
$917/SF
Building Size
5,230 SF
Asset Type
Single Family Residence
Closing
Nov 15, 2024
AI
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.
Miami 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93