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5711 Pine Tree Dr, Miami, F...

Francisco Arocha's HES Group Sells Miami Beach SFR For $7M With Brokers Dora Puig & Alessandro Saponaro
SOLDSingle Family Residence

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

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.

Players

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

86 deals

Broker

Francisco Arocha

HES Group

Seller

$13.5M

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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93