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5660 Pine Tree Drive

Tien & Gina Tran Acquire SFR On Pine Tree Drive In Miami Beach For $2.7M
SOLDSingle Family Residence

Tien & Gina Tran Acquire SFR On Pine Tree Drive In Miami Beach For $2.7M

5660 Pine Tree Drive

$2,675,000

$1,058/SF

Building Size

2,528 SF

Asset Type

Single Family Residence

Closing

Aug 26, 2022

AI

Located at 5660 Pine Tree Drive in Miami Beach, this single-family residential property was recently sold in a closed transaction. The property spans 2,528 square feet and was purchased for a total of $2,675,000, resulting in a price per square foot of $1,058. The transaction took place on August 26, 2022.

Summary of Transaction Details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $2,675,000
  • Market: Miami Beach
  • Buyer: Tien & Gina Tran
  • Seller: Elizabeth Vizzone
  • Brokers: Alyssa Morgan & Bruce Jordan - ONE Sotheby's International Realty

The buyers, Tien & Gina Tran, acquired the property from the seller, Elizabeth Vizzone. The deal was facilitated by brokers Alyssa Morgan and Bruce Jordan, both representing ONE Sotheby's International Realty. This transaction showcases the involvement of these key individuals and highlights the successful collaboration between the buyers, sellers, and the brokers.

Players

Alyssa Morgan

The Inside Netwok

Broker

$95M

vol

26 deals

Broker

Elizabeth Vizzone

Seller

$4.6M

vol

2 deals

Seller

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

5.93%

Cash-on-Cash

-1.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93