Updated Dec 20, 2023
Phil Collins Sells Miami Beach SFR For $40M With Coldwell Banker's Jill Hertzberg & Jill Eber
5800 North Bay Road, Miami Beach, FL, USA
$40,000,000
$3,623/SF
Building Size
11,039 SF
Asset Type
Single Family Residence
Closing
Jan 21, 2021
About this deal
AI
Jill Eber, Phil Collins, and Jill Hertzberg were involved in a recent property transaction in Miami Beach. The property, located at 5800 N Bay Road, is a single-family residence with a total square footage of 11,039. The transaction was a sale with Phil Collins acting as the seller.
Summary of transaction details
- Property Type: Single Family Residence
- Transaction Amount: $40,000,000
- Address: 5800 N Bay Road
- Market: Miami Beach
Jill Hertzberg and Jill Eber, representing Coldwell Banker, served as the brokers for the deal. The price per square foot for the property was $3,624. This transaction took place on January 22, 2021.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3.6K per square foot on a published $40M for 11,039 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93