Rolando Parets - Eastern National Bank Acquires SFR In Miami Beach For $6.5M
6301 Pine Tree Drive, Miami Beach, FL, USA
$6,500,000
$987/SF
Building Size
6,580 SF
Asset Type
Single Family Residence
Closing
Dec 7, 2020
AI
The sale of a single-family residential property located at 6301 Pine Tree Drive in Miami Beach has been finalized. The property, spanning 6,580 square feet, was sold for a price of $6,500,000, resulting in a price per square foot of $988. The transaction occurred on 12/08/2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6,500,000
- Address: 6301 Pine Tree Drive, Miami Beach
- Market: Miami Beach
Rolando Parets, representing Eastern National Bank, acted as the buyer in the transaction. The seller, Maria Cecilia Guedez and Francisco Arocha, were represented by Esther Percal from Berkshire Hathaway HomeServices EWM Realty.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93