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
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