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66 Lagorce Circle, Miami Be...

James Curnin's Clara Homes LGI LLC Acquires Miami Beach SFR For $7.5M
SOLDSingle Family Residence

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

Eloy Carmenate

The Corcoran Group

Broker

$584.2M

vol

32 deals

Broker
James Curnin

James Curnin

Clara Homes

Buyer

$207.5M

vol

9 deals

Buyer

Robert Frankel

Seller

$166M

vol

13 deals

Seller

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