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
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