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7310 Belle Meade Island Dr ...

Pascal Nicolai's Sabal Development Acquires Belle Meade Island SFR For $4.6M
SOLDSingle Family Residence

Pascal Nicolai's Sabal Development Acquires Belle Meade Island SFR For $4.6M

7310 Belle Meade Island Dr Miami, FL 33138, USA

$4,600,000

$792/SF

Building Size

5,808 SF

Asset Type

Single Family Residence

Closing

Apr 26, 2023

AI

Pascal Nicolai, represented by Sabal Development, has purchased a stunning waterfront property on Miami's Belle Meade Island. The property features over 200 LF of water frontage and an extensive 38,017 SQ FT lot. The sale price for this off-market transaction was $4,600,000. The single-family home has a total area of 5,808 square feet, resulting in a price per square foot of $792. The lot size is 38,017 square feet, making the price per lot square foot $121.

Summary of transaction details

  • Property Type: Single-Family Residential
  • Transaction Amount: $4,600,000
  • Address: 7310 Belle Meade Island Drive, Miami
  • Market: Miami
  • Buyer: Pascal Nicolai - Sabal Development
  • Broker: Juliet Silver - Sotheby's International Realty
  • Square Feet: 5,808
  • Price per Square Foot: $792
  • Lot Size: 38,017 square feet
  • Price per Lot Square Foot: $121

Juliet Silver, from Sotheby's International Realty, represented Sabal Development in the purchase of this exclusive waterfront property. Sabal Development, an award-winning builder and developer, plans to construct modern residences that complement the highly sought-after neighborhood of Belle Meade Island. For more off-market land opportunities in Miami, contact Juliet Silver at 650-465-5208 or [email protected].

Players

Juliet Silver

Sotheby's International Realty

Broker

$11.4M

vol

3 deals

Broker
Pascal Nicolai

Pascal Nicolai

Sabal Development

Buyer

$145.9M

vol

10 deals

Buyer

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

3.45%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93