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1716 South Shore Drive

Olivia Harper Homes Acquires Single Family Home At 1716 S Bayshore Dr For $7M
SOLDSingle Family Residence

Olivia Harper Homes Acquires Single Family Home At 1716 S Bayshore Dr For $7M

1716 South Shore Drive

$7,000,000

Building Size

Asset Type

Single Family Residence

Closing

Aug 12, 2025

AI

The property involved in this transaction is a single-family home located at 1716 S Bayshore Dr in the Coconut Grove market. The sale price for this asset was $7,000,000.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $7,000,000
  • Buyer: Olivia Harper Homes
  • Buyer's Representative: Joshua Winarick - The Corcoran Group
  • Seller's Representatives: Dan Hechtkopf & Marci DeClaris - Compass
  • Transaction Date: 08/13/2025

This transaction was facilitated with the joint efforts of representatives from different agencies. Joshua Winarick represented the buyer, Olivia Harper Homes, while the seller was represented by Dan Hechtkopf and Marci DeClaris from Compass, highlighting a collaborative approach in the real estate market.

Players

Dan Hechtkopf

Douglas Elliman

Broker

$172.8M

vol

13 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93