Updated Dec 21, 2023
The Corcoran Group Sells Miami Beach SFR On West San Marino Drive For $9.5M
416 West San Marino Drive, Miami Beach, FL, USA
$9,500,000
$2,088/SF
Building Size
4,549 SF
Asset Type
Single Family Residence
Closing
Nov 24, 2020
About this deal
AI
The recently closed property transaction in Miami Beach involves a Single Family Residence (SFR) located at 416 W. San Marino Drive. The property was sold for a price of $9,500,000, with a total area of 4,549 square feet. The price per square foot (PPSF) comes out to be $2,088. The transaction took place on November 25, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,500,000
- Address: 416 W. San Marino Drive
- Market: Miami Beach
The deal was facilitated by Julian Johnston of The Corcoran Group, who acted as the broker representing the parties involved in the transaction.
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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93