EAL LLC Acquires 610 North Island Drive In Golden Beach For $19.6M
610 N Island Rd Golden Beach, FL 33160, USA
$19,600,000
$2,722/SF
Building Size
7,200 SF
Asset Type
Single Family Residence
Closing
Jun 26, 2023
AI
A waterfront property located at 610 North Island Drive in Golden Beach, Miami-Dade County, has been sold for a record-breaking amount of $19.6 million. The property is a single-family home situated on 0.4 acres of land. It features 7,200 square feet of living space and boasts six bedrooms. One of the standout features of this property is its 100 feet of water frontage.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $19,600,000
- Address: 610 North Island Drive
- Market: Golden Beach
- Lot Size: 0.4 acres
The buyer of this property is EAL LLC, while the sellers are Anamaria & Michael Rappaport. Representing the buyer in this transaction is Oren Alexander from Official, whereas Jonathan Mann from Coldwell Banker is the seller's representative.
This sale sets a new record for non-waterfront homes in the Golden Beach area, highlighting the desirability and appeal of this particular property. The 7,200-square-foot house, with its six bedrooms and impressive water frontage, undoubtedly played a significant role in attracting the record-breaking sale price.
Players
Miami 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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93