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

Property Image
SOLD
$7,500,000
Ibrahim Guldiken
David Hunt Solomon
SH

Florida

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Single Family Residence4,812 SF
Sold 06/30/2022
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Single Family Residence4,812 SF
Sold 06/30/2022
Ibrahim Guldiken
David Hunt Solomon
SH
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,558
Total Square Footage:4,812 SF
Transaction Type:Sale

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
David Hunt Solomon
29 deals$186.9M volume
BROKER
Ibrahim Guldiken
Douglas Elliman
Ibrahim Guldiken
2 deals$34M volume
BROKER
SH
Scott Huizenga
2 deals$7.5M volume
BUYER
RP
Redmayne Property
SELLER

Details

SOLD
IMAGE: Ibrahim Guldiken & David Hunt Solomon DATE: 06/30/2022 ADDRESS: 5941 Pine Tree Dr MARKET: Miami Beach ASSET TYPE: SFR BUYER: Scott Huizenga SELLER: Redmayne Property BUYER'S REP: David Hunt Solomon (@DavidHuntSolomon) - BHHS EWM Realty SELLER'S REP: Ibrahim Guldiken (@IGConsulting) SALE PRICE: $7,500,000 SF: 4,812 ~ PPSF: $1,559

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
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