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7305 Belle Meade Isle Drive...

Emre Balci Acquires SFR In Miami For $8.15M With Buyer's Rep June Savage & Seller's Rep Geva Bar
SOLDSingle Family Residence

Emre Balci Acquires SFR In Miami For $8.15M With Buyer's Rep June Savage & Seller's Rep Geva Bar

7305 Belle Meade Isle Drive, Miami, Florida 33138, United States

$8,150,000

$370/SF

Building Size

22,000 SF

Asset Type

Single Family Residence

Closing

May 25, 2022

AI

An SFR located at 7305 Belle Meade Island Dr in Miami was recently sold for $8,150,000. The property spans 22,000 square feet, resulting in a price per square foot of $370. The transaction took place on May 26, 2022, and the sale was facilitated by Geva Bar from ONE Sotheby’s International Realty, representing the seller, John Petrozza. Emre Balci purchased the property and was represented by June Savage, also from ONE Sotheby’s International Realty.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $8,150,000
  • Address: 7305 Belle Meade Island Dr, Miami
  • Market: Miami
  • Square Footage: 22,000
  • Price Per Square Foot: $370

Emre Balci, the buyer, acquired the property located at 7305 Belle Meade Island Dr in Miami. June Savage from ONE Sotheby’s International Realty represented Emre Balci in the transaction. On the other hand, Geva Bar, also from ONE Sotheby’s International Realty, represented the seller, John Petrozza.

Players

Geva Bar

Compass

Broker

$25.3M

vol

5 deals

Broker

John Petrozza

Seller

$10M

vol

2 deals

Seller

Miami 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

1.95%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93