Meredith Verona Of The Corcoran Group Represents Sale Of Single Family Home For $24M In Miami Beach
SOLD
$24,000,000
Florida
See Similar DealsSingle Family Residence10,057 SF
Sold 06/08/2026
SOLD
Meredith Verona Of The Corcoran Group Represents Sale Of Single Family Home For $24M In Miami Beach
4731 Pine Tree Drive
See Similar DealsSingle Family Residence10,057 SF
Sold 06/08/2026
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,386
Total Square Footage:10,057 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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