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
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93