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7737 Atlantic Way, Miami Be...

Mariela Chiriboga Sells Altos Del Mar Single Family For $20.5M In Miami Beach
SOLDSingle Family Residence

Mariela Chiriboga Sells Altos Del Mar Single Family For $20.5M In Miami Beach

7737 Atlantic Way, Miami Beach, Florida 33141, United States

$20,500,000

$2,928/SF

Building Size

7,000 SF

Asset Type

Single Family Residence

Closing

Oct 13, 2022

AI

A single-family property located at 7737 Atlantic Way in Altos Del Mar, Miami Beach was recently sold for a total price of $20,500,000. The property sits on 0.4 acres of land and spans approximately 7,000 square feet. The sale was completed on October 14, 2022, and the transaction was facilitated by Julian Johnston from Corcoran, representing the seller Mariela Chiriboga, and David Kreps from Sterling Equity Realty, serving as the buyer's representative.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $20,500,000
  • Address: 7737 Atlantic Way, Altos Del Mar, Miami Beach
  • Market: Altos Del Mar, Miami Beach
  • Asset Type: Single Family
  • Acres: 0.4
  • Seller: Mariela Chiriboga
  • Buyer's Rep: David Kreps - Sterling Equity Realty
  • Seller's Rep: Julian Johnston - Corcoran
  • SF: 7,000
  • PPSF: $2,929

Julian Johnston from Corcoran and David Kreps from Sterling Equity Realty played key roles in the successful completion of this transaction, representing the seller and the buyer, respectively. Their expertise and negotiation skills contributed to the smooth execution of the deal.

Players

David Kreps

Broker

$87M

vol

4 deals

Broker

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

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93