Updated Apr 15, 2026
Jeff Franklin Sells Single Family Home In Miami Beach For $11.5 Million With Representatives
1236 South Venetian Way
$11,500,000
$859/SF
Building Size
13,382 SF
Asset Type
Single Family Residence
Closing
Apr 9, 2026
About this deal
AI
The property involved in this transaction is a single-family asset located at 1236 South Venetian Way in Miami Beach. It was sold for $11,500,000, encompassing a total of 13,382 square feet, resulting in a price per square foot of $859.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $11,500,000
- Address: 1236 South Venetian Way
- Market: Miami Beach
- Square Footage: 13,382
- Price per Square Foot: $859
- Seller: Jeff Franklin
- Buyer's Representative: Marlon Cohen & Julian Cohen - Douglas Elliman
- Seller's Representative: Julian Johnston - The Corcoran Group
This transaction involved key representatives in the real estate market, with Marlon Cohen and Julian Cohen from Douglas Elliman acting as the buyer's representatives. Julian Johnston from The Corcoran Group represented the seller, Jeff Franklin, in this closed property transaction.
On the Map
$11,500,000
$859/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $859 per square foot on a published $11.5M for 13,382 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93