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545 South Shore Drive

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
SOLDSingle Family Residence

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:

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

Ashley Alvarez

Sterling One Realty

Broker

$34.6M

vol

6 deals

Broker
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Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $899 per square foot on a published $2.7M for 3,003 square feet (2026).

Visit Ashley Alvarez to view all their deals.

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

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