Updated Dec 21, 2023
John Backus Acquires Single Family Property On Biscayne Point Cir In Miami Beach For $13M
7960 Biscayne Point Circle, Miami Beach, Florida 33141, United States
$13,000,000
$1,754/SF
Building Size
7,411 SF
Asset Type
Single Family Residence
Closing
May 10, 1922
About this deal
AI
The property involved in this transaction is a single-family home located at 7960 Biscayne Point Cir in Miami Beach, FL. The property has a total square footage of 7,411, and it was sold for a price of $13,000,000. The price per square foot for this transaction was $1,754.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $13,000,000
- Address: 7960 Biscayne Point Cir, Miami Beach, FL
- Market: Miami Beach, FL
- Buyer: John Backus
- Seller: Francis Milon
- Square Footage: 7,411
- Price per Square Foot: $1,754
John Backus purchased the property from Francis Milon in this transaction.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $13M for 7,411 square feet.
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93