Updated Sep 9, 2024
Jills Zeder Group Acquires SFR On 8 W Rivo Alto Drive In Miami Beach For $19.995M
8 West Rivo Alto Drive, Miami Beach, FL, USA
$19,995,000
$3,057/SF
Building Size
6,539 SF
Asset Type
Single Family Residence
Closing
May 3, 2021
About this deal
AI
A single-family residence located at 8 W Rivo Alto Drive in Miami Beach has been sold in a recent transaction. The property, spanning 6,539 square feet, was listed for sale with an asking price of $19,995,000. The sale price agreed upon for the property was also $19,995,000. This results in a price per square foot of $3,050.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $19,995,000
- Address: 8 W Rivo Alto Drive
- Market: Miami Beach
The buyer was represented by Julian Cohen from the Jills Zeder Group, affiliated with Coldwell Banker. The seller's representative in the deal was Allison Turk from EWM.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93