Updated May 12, 2025
Josh Stern Acquires Single Family Home At 1035 Fairway Drive Miami Beach For $1.95M
1035 Fairway Drive
$1,950,000
$241/SF
Building Size
8,065 SF
Asset Type
Single Family Residence
Closing
Apr 7, 2025
About this deal
AI
The property asset involved in the transaction is a single-family home located at 1035 Fairway Drive in Miami Beach. The sale price for the property was $1,950,000, and it encompasses a total square footage of 8,065.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,950,000
- Address: 1035 Fairway Drive
- Market: Miami Beach
- Square Footage: 8,065
- Buyer: Josh Stern
- Seller: Garrett Barten
- Buyer's Representative: Jordan Karp - Jordan Karp LLC
- Seller's Representatives: Hayden Trotter & Nancy Batchelor - Compass
The transaction includes key representations with Jordan Karp acting as the buyer's representative, while Hayden Trotter and Nancy Batchelor represent the seller in this deal.
On the Map
$1,950,000
$241/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 $241 per square foot on a published $2M for 8,065 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93