Michael Wiesenfeld Acquires SFR In Miami Beach For $2.65M
685 South Shore Drive, Miami Beach, Florida 33141, United States
$2,650,000
$1,054/SF
Building Size
2,512 SF
Asset Type
Single Family Residence
Closing
Mar 30, 2022
AI
A Single Family Residential property located at 685 S Shore Dr in Miami Beach has been sold. The property, with a total area of 2,512 square feet, was sold for a price of $2,650,000, resulting in a price per square foot of $1,055. The transaction took place on March 31, 2022.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,650,000
- Square Footage: 2,512
- Address: 685 S Shore Dr, Miami Beach
The seller of the property was Craig Truen. Michael Wiesenfeld represented the buyer in the transaction, while Jaime Blatt, from ONE Sotheby's International Realty, represented the seller.
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93