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9408 Bay Drive, Surfside, F...

Larry Shinbaum & Sharon Beck Of Luxuri International Realty Broker Record-Breaking $8.5M Sale Of Waterfront Surfside Home
SOLDSingle Family Residence

Larry Shinbaum & Sharon Beck Of Luxuri International Realty Broker Record-Breaking $8.5M Sale Of Waterfront Surfside Home

9408 Bay Drive, Surfside, Florida, Usa

$8,500,000

$1,251/SF

Building Size

6,793 SF

Asset Type

Single Family Residence

Closing

Aug 31, 2021

AI

A record-breaking sale was recently closed for a waterfront spec home in Surfside, FL. The property, located at 9408 Bay Drive, was sold for a remarkable price of $8,500,000. This single-family residence (SFR) offers a total of 6,793 square feet of living space, resulting in a price per square foot of $1,251. The sale was brokered by Sharon Beck of Luxuri International Realty and Larry Shinbaum. The transaction took place on August 31, 2021, marking the second time Sharon Beck has successfully facilitated the sale within a span of just six months. It's worth noting that this sale was executed off-market, demonstrating the expertise and connections of Luxuri International Realty. For luxury off-market property needs, you can contact Sharon Beck at [email protected].

Summary of transaction details:

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $8,500,000
  • Address: 9408 Bay Drive, Surfside, FL
  • Market: Surfside, FL
  • Square Footage: 6,793
  • Price per Square Foot: $1,251
  • Brokers: Sharon Beck - Luxuri International Realty, Larry Shinbaum - Luxuri International Realty
  • Buyers Attorney: Adam Yormack (@ajyormack)

This successful transaction showcased Sharon Beck's and Larry Shinbaum's expertise in the luxury real estate market. It highlights their ability to facilitate high-value sales and navigate off-market deals. Luxuri International Realty continues to set new standards in the industry, delivering exceptional results for their clients.

Players

Larry Shinbaum

Luxuri International Realty

Broker

$57.5M

vol

10 deals

Broker

Surfside 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

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93