Updated Mar 26, 2025
Reid Heidenry And Marko Gojanovic Of Sotheby's International Realty Represent Buyer In Miami Beach Sale For $22M
4744 North Bay Road
$22,000,000
$2,835/SF
Building Size
7,760 SF
Asset Type
Single Family Residence
Closing
Feb 27, 2025
About this deal
AI
The property asset involved in this transaction is a single-family residence located at 4744 North Bay Road in Miami Beach. The sale was completed for a price of $22,000,000.00, and the residence spans a total of 7,760 square feet.
Summary of transaction details:
- Property Type: Single Family Residence
- Transaction Amount: $22,000,000.00
- Address: 4744 North Bay Road
- Market: Miami Beach
- Square Footage: 7,760.0
The buyer was represented by Reid Heidenry and Marko Gojanovic from Sotheby's International Realty, while the seller was represented by Oliver Lloyd from Douglas Elliman. This involvement illustrates the collaboration of prominent real estate agents in the transaction process.
On the Map
$22,000,000
$2,835/SF
Single Family Residence
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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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93