Updated Sep 16, 2026
Michael & Carmen Klepper Sell Single Family Home At 545 South Shore Drive For $2.7M With Representatives Ashley Alvarez & William Alvarez And Brandon Saballos
545 South Shore Drive
$2,700,000
$899/SF
Building Size
3,003 SF
Asset Type
Single Family Residence
Closing
Sep 1, 2026
About this deal
AI
The property asset involved in this transaction is a single-family home located at 545 South Shore Drive in the Miami Beach market. The sale price for this asset was $2,700,000, encompassing a total square footage of 3,003, which equates to a price per square foot of $899.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,700,000
- Address: 545 South Shore Drive
- Market: Miami Beach
- Square Footage: 3,003
- Price Per Square Foot: $899
- Seller: Michael & Carmen Klepper
- Buyer's Representative: Brandon Saballos - Graber Realty Group
- Seller's Representatives: Ashley Alvarez & William Alvarez - The Alvarez Group - Sterling One Realty
This notable transaction in Normandy Shores marked the highest non-waterfront sale ever recorded on the island. The deal was facilitated by key representatives from both the buyer's and seller's side, showcasing the expertise of the involved agencies in achieving this significant sale.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93