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Golden Beach, FL, USA

Exp Realty's Kathleen Beasley Represents Buyer In $22.2M Golden Beach Single Family Sale
SOLDSingle Family Residence

Exp Realty's Kathleen Beasley Represents Buyer In $22.2M Golden Beach Single Family Sale

Golden Beach, FL, USA

$22,200,000

$2,860/SF

Building Size

7,761 SF

Asset Type

Single Family Residence

Closing

Jun 9, 2020

AI

A single-family property located in Golden Beach was recently sold for $22,200,000. The property spans 7,761 square feet, resulting in a price per square foot of $2,860. The transaction took place on June 9, 2021. The buyer, 577 Ocean LP, acquired the property from Sandra Levy. Kathleen Beasley from EXP Realty represented the buyer, while Ralph Arias from One Sotheby’s International Realty represented the seller.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $22,200,000
  • Market: Golden Beach
  • Buyer: 577 Ocean LP
  • Seller: Sandra Levy
  • Buyer's Representative: Kathleen Beasley - EXP Realty
  • Seller's Representative: Ralph Arias - One Sotheby’s International Realty
  • Square Footage: 7,761
  • Price per Square Foot: $2,860

Kathleen Beasley from EXP Realty represented the buyer, 577 Ocean LP, in the transaction. Ralph Arias, from One Sotheby’s International Realty, served as the seller's representative. The deal was successfully closed on June 9, 2021, marking a significant acquisition in the Golden Beach market.

Players

Ralph Arias

Sotheby's International Realty

Broker

$106.3M

vol

6 deals

Broker

North 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

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93