Eli Faitelson Of Compass Represents Buyer In $7.45M Sale Of Single Family Home In Miami Beach
254 Palm Avenue
$7,450,000
$1,766/SF
Building Size
4,218 SF
Asset Type
Single Family Residence
Closing
Apr 9, 2026
AI
The property located at 254 Palm Avenue in Miami Beach is a single-family asset that has been sold for $7,450,000. This property encompasses 4,218 square feet and has a price per square foot of $1,766.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,450,000
- Address: 254 Palm Avenue
- Market: Miami Beach
- Square Footage: 4,218
- Price per Square Foot: $1,766
- Buyer's Representative: Eli Faitelson - Compass
- Seller's Representative: Isaac Malagon - One Sotheby’s International Realty
This transaction showcases the expertise of Eli Faitelson representing the buyer and Isaac Malagon representing the seller. Both representatives are affiliated with reputable real estate firms, facilitating the sale of this significant property in the Miami Beach market.
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
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93