Updated Sep 18, 2026
Samir Vasavada Purchases Single Family Home In Miami Beach For $4.85M With Broker Rick Teed
8055 Noremac Avenue & 8055 Noremac Avenue
$4,850,000
$829/SF
Building Size
2,922 SF
Asset Type
Single Family Residence
Closing
Aug 26, 2026
About this deal
AI
The asset involved in this transaction is a single-family home located at 8055 Noremac Avenue in the Miami Beach market. The property was sold for a total of $4,850,000 and features a living space of 2,922 square feet, resulting in a price per square foot of $1,659.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,850,000
- Square Footage: 2,922
- Price Per Square Foot: $1,659
- Address: 8055 Noremac Avenue
- Market: Miami Beach
- Buyer: Samir Vasavada
- Seller: Matthew Fields, Gina Fields
- Buyer's Representative: Rick Teed - The Agency
- Seller's Representative: Geva Bar - Compass
Samir Vasavada is the buyer in this transaction, while the sellers are Matthew Fields and Gina Fields. The buyer was represented by Rick Teed from The Agency, and the sellers were represented by Geva Bar from Compass.
On the Map
$4,850,000
$829/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $829 per square foot on a published $4.9M for 5,844 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93