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861 Belle Meade Island Drive

Douglas Elliman Represents Buyer In $5.3M Belle Meade Island SFR Sale
SOLDSingle Family Residence

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

David Hunt Solomon

Coldwell Banker

Broker

$186.9M

vol

29 deals

Broker

Miami 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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93