Lou Groll Investments LLC Acquires Single Family Home On Venetian Islands In Miami Beach For $13.7M
Venetian Islands, Miami Beach, Florida, United States
$1,590,000
$330/SF
Building Size
4,816 SF
Asset Type
Single Family Residence
Closing
Oct 28, 2021
AI
A single family home located in Venetian Islands, Miami Beach, has been sold for $13,700,000. The property, measuring approximately 4,816 square feet, was purchased by Lou Groll Investments LLC, represented by Paul Groll. The sellers of the property were Gloria and Emilio Estefan. The transaction was facilitated by brokers Jill Eber and Jill Hertzberg from The Jills Zeder Group at Coldwell Banker. The sale price of $13,700,000 reflects a price per square foot of $2,845.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $13,700,000
- Market: Venetian Islands, Miami Beach
- Buyer: Lou Groll Investments LLC - Paul Groll
- Seller: Gloria & Emilio Estefan
- Brokers: Jill Eber & Jill Hertzberg - The Jills Zeder Group - Coldwell Banker
- Lender: London Financial
- Square Footage: 4,816
- Price Per Square Foot: $2,845
London Financial served as the lender in this transaction.
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
9.98%
Cash-on-Cash
-2.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93