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$8.5M Key Biscayne SFR Sale At 631 N Mashta Dr By Betty Duarte & Agustin Duarte - Remax360 Real Estate

Property Image
SOLD
$8,500,000

Florida

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Single Family Residence2,779 SF
Sold 02/28/2022
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Property Image
SOLD

$8.5M Key Biscayne SFR Sale At 631 N Mashta Dr By Betty Duarte & Agustin Duarte - Remax360 Real Estate

631 North Mashta Drive, Key Biscayne, Florida 33149, United States

See Similar Deals
Single Family Residence2,779 SF
Sold 02/28/2022
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,058
Total Square Footage:2,779 SF
Transaction Type:Sale

A single-family residence located at 631 N Mashta Dr in Key Biscayne has been sold for a total of $8,500,000. The property spans approximately 2,779 square feet, resulting in a price per square foot of $3,059. The transaction took place on February 28, 2022, according to the post shared by Betty Duarte on Instagram.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $8,500,000
  • Address: 631 N Mashta Dr, Key Biscayne
  • Market: Key Biscayne
  • Broker: Betty Duarte & Agustin Duarte - REMAX360 Real Estate

The transaction was facilitated by Betty Duarte and Agustin Duarte, who represent REMAX360 Real Estate. They played a crucial role in the sale of the property on behalf of their clients. No additional information about the transaction is available at this time.

Players

Agustin Duarte
25 deals$89.7M volume
BROKER

Betty Duarte
Re/Max
6 deals$19.1M volume
BROKER

Details

SOLD
IMAGE: Betty Duarte DATE: 02/28/2022 ADDRESS: 631 N Mashta Dr MARKET: Key Biscayne ASSET TYPE: SFR BROKER: Betty Duarte (@Edenia.Betty.Duarte) & Agustin Duarte (@MagicCityCommercial) - REMAX360 Real Estate (@Remax360RealEstate), (@ListingsMiami) SALE PRICE: $8,500,000 SF: 2,779 ~ PPSF: $3,059

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$453,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04