Updated Dec 20, 2023
Compass Florida Acquires Miami Beach SFR On Rivo Alto Dr For $6.7M
248 W Rivo Alto Dr
$6,700,000
$163/SF
Building Size
40,920 SF
Asset Type
Single Family Residence
Closing
Aug 20, 2020
About this deal
AI
The property at 248 W Rivo Alto Dr in Miami Beach has been sold for $6,700,000. It is a single-family residence with a total area of 4,092 square feet. The price per square foot for this transaction was $1,637.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $6,700,000
- Address: 248 W Rivo Alto Dr
- Market: Miami Beach
- Size: 4,092 SF
- Price per Square Foot: $1,637
- Brokers: Mathieu Rochette & David Sherman – Compass Florida, LLC
The sale of the property was facilitated by Mathieu Rochette and David Sherman, who represented the parties involved in the deal on behalf of Compass Florida, LLC.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $163 per square foot on a published $6.7M for 40,920 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93