Douglas Elliman Represents Buyer In $5.3M Belle Meade Island SFR Sale
861 Belle Meade Island Drive
$5,300,000
$1,344/SF
Building Size
3,943 SF
Asset Type
Single Family Residence
Closing
Jul 26, 2022
AI
A single-family residential property located at 861 Belle Meade Island Dr in Belle Meade Island has been sold for a price of $5,300,000. The property has a total square footage of 3,943, resulting in a price per square foot of $1,344.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,300,000
- Address: 861 Belle Meade Island Dr
- Market: Belle Meade Island
The seller of the property was Martin Zaiac and Jeri Zaiac. Representing the buyer in this transaction were Bill Hernandez and Bryan Sereny from Douglas Elliman. On the seller's side, the representatives were David Hunt Solomon and Jacqueline Oliva from Berkshire Hathaway HomeServices.
Players
Miami 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93