Luxury SFR In Bay Point, Miami Sells For $6.5M With Brokers Dora Puig & Morgan Blittner
SOLD
$6,495,000
Florida
See Similar DealsSingle Family Residence6,016 SF
Sold 10/13/2021
SOLD
Luxury SFR In Bay Point, Miami Sells For $6.5M With Brokers Dora Puig & Morgan Blittner
575 Sabal Palm Road, Miami, FL, USA
See Similar DealsSingle Family Residence6,016 SF
Sold 10/13/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,079
Total Square Footage:6,016 SF
Transaction Type:Sale
An SFR located at 575 Sabal Palm Road in the Bay Point neighborhood of Miami has been sold in a record-breaking transaction. The property was sold for $6,495,000, which is the highest sale price achieved for a non-waterfront home in the Bay Point area. Spanning across 6,016 square feet, this spacious single-family residence offers luxurious living in a prestigious location.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $6,495,000
- Address: 575 Sabal Palm Road
- Market: Bay Point, Miami
Dora Puig from Luxe Living Realty and Morgan Blittner from Brown Harris Stevens were the brokers representing the buyers and sellers respectively in this deal. Their expertise and negotiations contributed to the successful sale of this remarkable property in Bay Point.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,075.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,789.61
Annual Debt Service$369,475.36
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