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5777 Pine Tree Dr Miami Bea...

Marc Roberts' E11even Group Acquires Miami Beach Waterfront Spec Home For $16.8M
SOLDSingle Family Residence

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

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.

Players

Dina Goldentayer

Douglas Elliman

Broker

$1.7B

vol

94 deals

Broker

Marc Roberts

Buyer

$351M

vol

6 deals

Buyer
E11even Group
E11even GroupBuyer

Amit Raizada

Seller

$42.4M

vol

3 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

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93