Updated Oct 15, 2026
David Mancini Purchases Single Family Home In North Bay Village For $8.8M With Buyer’s Rep William Andrew Cunningham
7500 West Treasure Drive
$8,800,000
$2,947/SF
Building Size
2,986 SF
Asset Type
Single Family Residence
Closing
Oct 8, 2026
About this deal
AI
This transaction involves a single-family asset located at 7500 West Treasure Drive in the North Bay Village market. The sale price for the property was $8,800,000, with a total area of 2,986 square feet, resulting in a price per square foot of $2,947.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,800,000
- Address: 7500 West Treasure Drive
- Market: North Bay Village
- Square Footage: 2,986
- Price Per Square Foot: $2,947
- Buyer: David Mancini
- Seller: Shahab Mahidashtizad
- Buyer's Representative: William Andrew Cunningham - The Starboard Group - One Sotheby’s International Realty
- Seller's Representatives: Jessica Bazan & Marcus Abid - The Diamond Team - Keller Williams Realty
The deal included David Mancini as the buyer, with William Andrew Cunningham representing him through The Starboard Group at One Sotheby’s International Realty. The seller, Shahab Mahidashtizad, was represented by Jessica Bazan and Marcus Abid from The Diamond Team at Keller Williams Realty.
On the Map
$8,800,000
$2,947/SF
Single Family Residence
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Players
North Bay Village Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.9K per square foot on a published $8.8M for 2,986 square feet (2026).
Visit William (Billy) A. Cunningham III to view all their deals.
Browse North Bay Village single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93