Updated Oct 28, 2024
Berenika And Steve Walbroehl Acquire Miami Beach Single Family Home For $8.6M
795 Lakeview Drive, Miami Beach, Florida 33140, United States
$8,600,000
$1,535/SF
Building Size
5,600 SF
Asset Type
Single Family Residence
Closing
Oct 30, 2022
About this deal
AI
The single-family property located at 795 Lakeview Drive in Miami Beach has been sold for a price of $8,600,000. The property spans 5,600 square feet and sits on a 0.4-acre lot. With a price per square foot of $1,536, this sale represents a significant transaction in the Miami Beach market.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $8,600,000
- Address: 795 Lakeview Drive, Miami Beach
- Market: Miami Beach
- Asset Type: Single Family
- Acres: 0.4
The buyers of this property are Berenika Walbroehl and Steve Walbroehl, represented by Brenda Bassett of Magic City Realtors. The sellers, Kirsten Tester and Richard Tester, were assisted by Bill Hernandez and Bryan Sereny of Douglas Elliman. This deal was successfully facilitated by the respective brokerage teams.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $8.6M for 5,600 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93