Updated Sep 9, 2024
Alan Faena Sells Miami Beach SFR On Pine Tree Drive For $13.3M With Brokers Tal & Oren Alexander - Douglas Elliman
4731 Pine Tree Drive, Miami Beach, FL, USA
$13,300,000
$1,602/SF
Building Size
8,300 SF
Asset Type
Single Family Residence
Closing
Dec 15, 2020
About this deal
AI
Alan Faena recently sold his single-family home located at 4731 Pine Tree Drive in Miami Beach. The property has a total square footage of 8,300, with a sale price of $13,300,000. This translates to a price per square foot of $1,602. The transaction took place on December 16, 2020, and was facilitated by Tal & Oren Alexander of Douglas Elliman.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $13,300,000
- Address: 4731 Pine Tree Drive
- Market: Miami Beach
Tal & Oren Alexander, representing the seller Alan Faena, played a key role in this transaction. They provided their expertise as brokers from Douglas Elliman. The successful sale of this property highlights the strong real estate market in Miami Beach.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $13.3M for 8,300 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93