Andy Ansin Acquires 4,000-Square-Foot Waterfront Home In Miami Beach
945 N Shore Dr, Miami Beach, FL 33141
$7,700,000
$1,925/SF
Building Size
4,000 SF
Asset Type
Single Family Residence
Closing
May 23, 2023
AI
Andy Ansin, CEO of Sunbeam Properties, has purchased a 4,000-square-foot waterfront home located at 945 North Shore Drive in Normandy Shores, Miami Beach. The property was sold for a total of $7.7 million, with a price per square foot of $1,925. The single-family property sits on 0.3 acres and offers stunning views of the surrounding area.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,700,000
- Address: 945 North Shore Drive
- Market: Miami Beach
- Asset Type: Single Family
- Acres: 0.3
The buyer of the property is Andy Ansin, representing Sunbeam Properties. On the other hand, the sellers are Gianmaria Francesco Buccellati, Lucrezia Wildenstein, and Andrea Buccellati. The transaction was facilitated by buyer's representative Jeffrey Moore from Sterling Equity Realty and seller's representative Julian Johnston from The Corcoran Group. The deal was successfully closed on May 23, 2023.
Andy Ansin plans to leverage the property's prime waterfront location and embark on a mixed-use development in nearby North Bay Village. The ambitious project will incorporate residential, office, and hotel components, adding value to the surrounding area.
Players
Miami Beach 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93