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520 Lakeview Court, Miami B...

Compass Broker Joe Azar Facilitates $7.3M Sale Of Miami Beach SFR
SOLDSingle Family Residence

Compass Broker Joe Azar Facilitates $7.3M Sale Of Miami Beach SFR

520 Lakeview Court, Miami Beach, FL 33140, USA

$7,300,000

$1,352/SF

Building Size

5,398 SF

Asset Type

Single Family Residence

Closing

Oct 15, 2021

AI

A single-family home located at 520 Lakeview Ct in Miami Beach was recently sold. The property, measuring 5,398 square feet, was listed for sale by Joe Azar of Compass. The asking price for the house was $7,300,000, which is also the sale price. This translates to a price per square foot of $1,352. The transaction took place on October 15, 2021.

Summary of transaction details:

  • Property Type: Single-Family Home
  • Transaction Amount: $7,300,000
  • Address: 520 Lakeview Ct, Miami Beach
  • Market: Miami Beach
  • Broker: Joe Azar - Compass

Joe Azar, representing Compass, facilitated the sale of this property. The deal was successfully concluded, with the property selling for the full asking price. This transaction highlights the strong demand in the Miami Beach market for high-end single-family homes.

Players

Joseph Azar

Douglas Elliman

Broker

$16.7M

vol

3 deals

Broker

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

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93