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770 South Shore Drive, Miam...

Sabal Development Sells Miami Beach SFR For $5.15M With Buyer's Rep Dan Hechtkopf & Marci DeClaris - Douglas Elliman
SOLDSingle Family Residence

Sabal Development Sells Miami Beach SFR For $5.15M With Buyer's Rep Dan Hechtkopf & Marci DeClaris - Douglas Elliman

770 South Shore Drive, Miami Beach, FL 33141, USA

$5,150,000

$1,030/SF

Building Size

5,000 SF

Asset Type

Single Family Residence

Closing

Sep 3, 2021

AI

Located at 770 S Shore Dr. in Miami Beach, this single-family residential property was recently sold in a closed transaction. The property, with a total of 5,000 square feet, boasts a desirable location in the Miami Beach market.

Summary of transaction details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $5,150,000
  • Asking Price: $5,200,000
  • Square Footage: 5,000
  • Price per Square Foot (PPSF): $1,030

During the transaction, the property was sold by Sabal Development. Representing the buyer were Dan Hechtkopf and Marci DeClaris from Douglas Elliman, while Mathieu Rochette and Tristan Alexander from Compass acted as the seller's representatives.

Players

Mathieu Rochette

Compass

Broker

$66.9M

vol

6 deals

Broker
SD
Sabal DevelopmentSeller

Miami Beach 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

3.08%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93