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
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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