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5941 Pine Tree Drive, Miami...

Scott Huizenga Acquires SFR In Miami Beach For $7.5M From Seller Redmayne Property
SOLDSingle Family Residence

Scott Huizenga Acquires SFR In Miami Beach For $7.5M From Seller Redmayne Property

5941 Pine Tree Drive, Miami Beach, Florida 33140, United States

$7,500,000

$1,558/SF

Building Size

4,812 SF

Asset Type

Single Family Residence

Closing

Jun 29, 2022

AI

The property involved in this transaction is a Single Family Residence (SFR) located at 5941 Pine Tree Dr in Miami Beach. The transaction took place on June 30, 2022. The property spans across 4,812 square feet and was sold for $7,500,000, resulting in a price per square foot of $1,559.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $7,500,000
  • Address: 5941 Pine Tree Dr
  • Market: Miami Beach

The buyer in this transaction is Scott Huizenga, while Redmayne Property acted as the seller. The buyer was represented by David Hunt Solomon from BHHS EWM Realty. The seller was represented by Ibrahim Guldiken.

Players

David Hunt Solomon

Coldwell Banker

Broker

$186.9M

vol

29 deals

Broker

Scott Huizenga

Buyer

$7.5M

vol

2 deals

Buyer
RP
Redmayne PropertySeller

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93