Granada Hills Acquires Surfside Single Family Home From Mark Halpern For $14.3M
8900 Bay Drive
$14,300,000
$2,607/SF
Building Size
5,485 SF
Asset Type
Single Family Residence
Closing
Apr 16, 2026
AI
The property asset involved in this transaction is a single-family home located at 8900 Bay Drive in the Surfside market. The sale price for the property was $14,300,000, with a total square footage of 5,485, resulting in a price per square foot of $2,607.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $14,300,000
- Address: 8900 Bay Drive
- Market: Surfside
- Square Footage: 5,485
- Price per Square Foot: $2,607
- Buyer: Granada Hills
- Seller: Mark Halpern
- Seller's Representative: Jill Hertzberg - The Jills Zeder Group | Coldwell Banker
The transaction highlights the involvement of Granada Hills as the buyer and Mark Halpern as the seller. Jill Hertzberg, representing the seller, is affiliated with The Jills Zeder Group at Coldwell Banker.
Players
Surfside 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93