Laura Castillo Of Corcoran Represents Buyer In $20.5M Sale Of Miami Beach Single Family Home
7964 Fisher Island Drive
$20,500,000
$3,005/SF
Building Size
6,820 SF
Asset Type
Single Family Residence
Closing
Apr 7, 2025
AI
A single family asset located at 7964 Fisher Island Drive in Miami Beach has been successfully sold for $20,500,000. The property encompasses an area of 6,820 square feet, translating to a price per square foot of $3,005.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $20,500,000
- Address: 7964 Fisher Island Drive
- Market: Miami Beach
- Square Footage: 6,820
- Price Per Square Foot: $3,005
- Buyer's Representative: Laura Castillo - Corcoran
- Seller's Representatives: Karla Abaunza & Oneide Gioia - Luxury Living Realty
The transaction was facilitated by Laura Castillo representing the buyer, while the seller was represented by Karla Abaunza and Oneide Gioia from Luxury Living Realty, highlighting the collaborative effort involved in this high-value deal.
Players
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