Updated Oct 29, 2024
Marc Roberts' E11even Group Acquires Miami Beach Waterfront Spec Home For $16.8M
5777 Pine Tree Dr Miami Beach, FL 33140, USA
$16,800,000
$2,400/SF
Building Size
7,000 SF
Asset Type
Single Family Residence
Closing
Aug 17, 2023
About this deal
AI
A Miami Beach waterfront spec home has been sold for $16.8 million to nightclub mogul Marc Roberts and his wife Marci. The property, located at 5777 Pine Tree Drive, spans 7,000 square feet and features six bedrooms and 76 feet of waterfront. The purchase includes amenities such as a pool, cabana, and wine room. The deal closed at a $3.1 million discount from the listing price offered by the seller, JSFP II LLC.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $16,800,000
- Address: 5777 Pine Tree Drive
- Market: Miami Beach
- Square Footage: 7,000
The buyer, Marc Roberts, represents the E11even Group and was accompanied by his wife Marci during the transaction. Michael Gallinar from Adams Gallinar served as the buyer's representative. On the other side, the seller, Spectrum Business Ventures, was represented by Dina Goldentayer from Douglas Elliman.
On the Map
$16,800,000
$2,400/SF
Single Family Residence
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Players
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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93