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Jackson Keddell of Douglas Elliman Represents Buyer & Seller in $5.65M Sale of 1820 Daytonia Road

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SOLD
$5,650,000

Florida

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Single Family Residence2,863 SF
Sold 09/15/2025
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Property Image
SOLD

Jackson Keddell of Douglas Elliman Represents Buyer & Seller in $5.65M Sale of 1820 Daytonia Road

1820 Daytonia Road

See Similar Deals
Single Family Residence2,863 SF
Sold 09/15/2025
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,973
Total Square Footage:2,863 SF
Transaction Type:Sale

The asset involved in this transaction is a single-family home located at 1820 Daytonia Road in Miami Beach. The property was sold for $5,650,000, encompassing a total of 2,863 square feet, which translates to a price per square foot of $1,973.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $5,650,000
  • Address: 1820 Daytonia Road
  • Market: Miami Beach
  • Square Footage: 2,863
  • Price per Square Foot: $1,973
  • Seller: Melvin & Corrine Wiesel
  • Buyer & Seller's Representative: Jackson Keddell - Douglas Elliman

Jackson Keddell represented both the buyer and the seller in this transaction. The deal set a record sale price for land in the gated Biscayne Point area at $502 per square foot.

Players

Jackson Keddell
16 deals$99.5M volume
BROKER

Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Jackson Keddell DATE: 09/15/2025 ADDRESS: 1820 Daytonia Road MARKET: Miami Beach ASSET TYPE: Single Family SELLER: Melvin & Corrine Wiesel BUYER & SELLER'S REP: Jackson Keddell (@JacksonKeddell) (@TheMiamiExperts.com) - Douglas Elliman (@DouglasElliman) SALE PRICE: $5,650,000 SF: 2,863 ~ PPSF: $1,973 NOTE FROM BROKER: Record Sale Price for Land in gated Biscayne Point @ $502/SQFT

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$301,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,073.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,783.88
Annual Debt Service$321,406.59