Updated Oct 12, 2026
Jonathan Saxton Acquires SFR In Miami Beach For $9.6M From Seller Reed Smith
5045 Lakeview Drive, Miami Beach, FL, USA
$9,600,000
$1,322/SF
Building Size
7,261 SF
Asset Type
Single Family Residence
Closing
Jan 14, 2021
About this deal
AI
The recent sale of a single-family home in Miami Beach has attracted attention in the real estate market. The property, located at 5045 Lakeview Drive, was sold for a price of $9,600,000. Spanning across 7,261 square feet, the home offers a spacious living space for the new owner. With a price per square foot of $1,322, the property showcases its value in the competitive Miami Beach market.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,600,000
- Address: 5045 Lakeview Drive
- Market: Miami Beach
- Size: 7,261 square feet
- Price per square foot: $1,322
The sale was facilitated by notable individuals and companies in the industry. Jonathan Saxton, representing Optima Partners, acted as the buyer for this transaction. On the other hand, Angela Karides and Constantine Karides of Reed Smith served as the sellers. Eloy Carmenate and Mick Duchon, both affiliated with Douglas Elliman, provided brokerage services for this deal. Their expertise and guidance ensured a smooth and successful transaction for all parties involved.
On the Map
$9,600,000
$1,322/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $9.6M for 7,261 square feet (2021).
Visit Michael (Mick) Duchon to view all their deals.
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93