Updated Dec 19, 2023
Luxury SFR In Bay Point, Miami Sells For $6.5M With Brokers Dora Puig & Morgan Blittner
575 Sabal Palm Road, Miami, FL, USA
$6,495,000
$1,079/SF
Building Size
6,016 SF
Asset Type
Single Family Residence
Closing
Oct 13, 2021
About this deal
AI
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.
On the Map
$6,495,000
$1,079/SF
Single Family Residence
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Miami 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93