facebook
Traded Co logo
Submit

Miami Brokers Group Sells Record-Breaking Horse Country Property For $7.995M

Property Image
SOLD
$7,995,000

Florida

See Similar Deals
Single Family Residence10,924 SF
Sold 02/09/2024
the dealplayerscompscontact
Property Image
SOLD

Miami Brokers Group Sells Record-Breaking Horse Country Property For $7.995M

5921 Southwest 123rd Avenue

See Similar Deals
Single Family Residence10,924 SF
Sold 02/09/2024
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$731
Total Square Footage:10,924 SF
Transaction Type:Sale

The property involved in this closed transaction is a single-family home located at 5921 Southwest 123rd Avenue in the Horse Country market of Miami. The property spans 10,924 square feet and was sold for a price of $7,995,000, resulting in a price per square foot of $732. This sale sets a new record as the highest residential transaction ever recorded west of US-1 in Miami.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $7,995,000
  • Square Footage: 10,924
  • Location: 5921 Southwest 123rd Avenue, Miami - Horse Country
  • Seller's Representative: Michael A. Diaz - Miami Brokers Group

This remarkable sale was facilitated by Michael A. Diaz of Miami Brokers Group, serving as the seller's representative. The achievement of this record-breaking transaction showcases the expertise and success of the involved parties in the competitive Horse Country market.

Players

Michael A. Diaz
7 deals$43.5M volume
BROKER

Details

SOLD
IMAGE: Michael A. Diaz DATE: 02/09/2024 ADDRESS: 5921 Southwest 123rd Avenue MARKET: Miami - Horse Country ASSET TYPE: Single Family SELLER'S REP: Michael A. Diaz (@MikeDiaz_mbg) - Miami Brokers Group (@MiamiBrokersGroup) SALE PRICE: $7,995,000 SF: 10,924 ~ PPSF: $732 NOTE FROM SELLER'S REP: RECORD BREAKING – Our latest sale in Horse Country marks the highest residential transaction EVER recorded west of US-1 in Miami.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$426,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,404.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,900.38
Annual Debt Service$454,804.55