James Curnin's Clara Homes LGI LLC Acquires Miami Beach SFR For $7.5M
66 Lagorce Circle, Miami Beach, FL, USA
$7,500,000
$2,382/SF
Building Size
3,148 SF
Asset Type
Single Family Residence
Closing
Nov 2, 2020
AI
Located in Miami Beach, the property at 66 La Gorce Circle recently changed hands in a sale transaction. The single-family home, with a total living area of 3,148 square feet, was sold for a price of $7,500,000, resulting in a price per square foot of $2,382. This transaction took place on November 3, 2020. The property is situated in a desirable market and offers a range of attractive features.
Summary of Transaction Details
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $7,500,000
- Address: 66 La Gorce Circle, Miami Beach
- Market: Miami Beach
The buyer in this transaction is James Curnin, representing Clara Homes LGI LLC. On the other hand, the sellers are Robert Frankel and Lisa Frankel, who were represented by Phillips House. The deal was facilitated by Mick Duchon and Eloy Carmenate, both of Douglas Elliman, who served as the brokers in this transaction.
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