Jordan Karp Of Jordan Karp LLC Represents Buyer In Sale Of Miami Beach Single Family Home For $5M
5905 North Bay Road
$5,000,000
$877/SF
Building Size
5,700 SF
Asset Type
Single Family Residence
Closing
Dec 30, 2026
AI
The property involved in this transaction is a single-family home located at 5905 North Bay Road in Miami Beach. The sale price for the asset was $5,000,000, encompassing a total square footage of 5,700 and a price per square foot of $877.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $5,000,000
- Address: 5905 North Bay Road
- Market: Miami Beach
- Square Footage: 5,700
- Price per Square Foot: $877
- Buyer’s Representative: Jordan Karp - Jordan Karp LLC
- Seller’s Representative: Cindy Orlinsky - Douglas Elliman
Jordan Karp served as the buyer's representative for this transaction, while Cindy Orlinsky represented the seller. Both individuals are affiliated with their respective agencies, facilitating the sale of this property.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93