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

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SOLD
$4,600,000

Florida

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Single Family Residence5,808 SF
Sold 04/26/2023
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SOLD

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

7310 Belle Meade Island Dr Miami, FL 33138, USA

See Similar Deals
Single Family Residence5,808 SF
Sold 04/26/2023
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$792
Total Square Footage:5,808 SF
Transaction Type:Sale

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
3 deals$11.4M volume
BROKER

Pascal Nicolai
10 deals$145.9M volume
BUYER

Details

SOLD
IMAGE: Juliet Silver & Pascal Nicolai DATE: 04/26/2023 ADDRESS: 7310 Belle Meade Island Drive MARKET: Miami ASSET TYPE: SFR BUYER: Pascal Nicolai (@SabalDev) - Sabal Development BROKER: Juliet Silver (@Julietasilver) - Sotheby's International Realty SALE PRICE: $4,600,000 SF: 5,808 ~ PPSF: $792 LOT SF: 38,017 ~ PPLSF: $121 NOTE FROM BROKER: @JulietASilver represented @SabalDev in the purchase of this incredibly rare OFF-MARKET waterfront on Miami’s luxurious Belle Meade Island, featuring over 200 LF of water frontage and an extensive 38,017 SQ FT Lot. The award-winning builder and developer plans to construct modern residences that fit in well in the highly sought-after neighborhood. For more OFF-MARKET Miami land opportunities contact Juliet Silver @ 650-465-5208 [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$245,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16