Meredith Verona Of The Corcoran Group Represents Sale Of Single Family Home For $24M In Miami Beach
4731 Pine Tree Drive
$24,000,000
$2,386/SF
Building Size
10,057 SF
Asset Type
Single Family Residence
Closing
Jun 7, 2026
AI
The property involved in the transaction is a single-family home located at 4731 Pine Tree Drive in Miami Beach. The sale price was $24,000,000, and the property encompasses a total square footage of 10,057, which translates to a price per square foot of $2,386.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $24,000,000
- Address: 4731 Pine Tree Drive
- Market: Miami Beach
- Square Footage: 10,057
- Price per Square Foot: $2,386
The brokers involved in the transaction include Meredith Verona from The Corcoran Group, and Jennifer Raines Peltz & Jordan Karp from Jordan Karp LLC, representing their respective parties in the deal.
Players
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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93