Updated Oct 29, 2024
Francisco Arocha's HES Group Sells Miami Beach SFR For $7M With Brokers Dora Puig & Alessandro Saponaro
5711 Pine Tree Dr, Miami, FL 33140, USA
$7,000,000
$864/SF
Building Size
8,101 SF
Asset Type
Single Family Residence
Closing
May 6, 2020
About this deal
AI
Located at 5711 Pine Tree Drive, this single-family residence in Miami Beach was recently sold in a closed transaction. The property, spanning 8,101 square feet, was sold for a price of $7,000,000, equating to a price per square foot of $864.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $7,000,000
- Square Footage: 8,101 sq ft
- Address: 5711 Pine Tree Drive, Miami Beach
- Market: Miami Beach
The seller in this transaction was Francisco Arocha, representing HES Group. The buyer was not specified in the available information. The deal was facilitated by brokers Dora Puig from Luxe Living Realty and Alessandro Saponaro from SAPP Group.
On the Map
$7,000,000
$864/SF
Single Family Residence
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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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93