Private Family Investors Acquire SFR In Miami, South Florida For $3.3M

A single-family residence (SFR) located at 6600 SW 71st in Miami, South Florida was recently sold in a cash deal. The property, boasting a living area of 7,926 square feet, was sold for $3,300,000. The selling price translates to approximately $416.35 per square foot. The lot size of the property is 21,780 square feet.

Summary of transaction details

• Property Type: SFR
• Transaction Amount: $3,300,000
• Date: 06/17/20
• Market: Miami, South Florida
• Square Footage: 7,926 (LIV) ~ PPSF: $416.35
• Address: 6600 SW 71st

The seller of this property is the owner of one of the biggest marketing agencies in the state. On the other hand, the buyers are private family investors from NYC. Representing the deal as the buyer's broker is Laura Guirall. Considering the current market conditions, the buyers were able to secure the property for a price of $3,300,000, thanks to the knowledge, expertise, and negotiation skills of their broker.

It is worth mentioning that the private investors from NYC saw an opportunity to relocate to sunny Miami during the pandemic. With the flexibility of working from home, they deemed it the perfect timing for an "early retirement in South Florida." This move allowed them to skip the upcoming winter season and enjoy the paradise-like environment.

For more information or to explore similar opportunities, contact Laura Guiral Real Estate Miami at [email protected] or call 786-588-6609 or 201-709-0134.