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795 Lakeview Drive, Miami B...

Berenika And Steve Walbroehl Acquire Miami Beach Single Family Home For $8.6M
SOLDSingle Family Residence

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

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

Bryan Sereny

Douglas Elliman

Broker

$247.7M

vol

20 deals

Broker
Magic City Realtors
Magic City RealtorsBrokerage

Richard Tester

Redzone

Seller

$21.6M

vol

2 deals

Seller

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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93