Updated Oct 29, 2024
Pierre Thomas Of Quality Control Music Acquires Aventura Waterfront Home For $10.1M
Aventura
$10,100,000
$1,442/SF
Building Size
7,000 SF
Asset Type
Single Family Residence
Closing
May 17, 2023
About this deal
AI
The Aventura waterfront home of British financier Simon Conway and his wife Rhona has been sold for $10.1 million. The buyer, LCT Legend LLC, was revealed to be Pierre Thomas, CEO of Quality Control Music. The property, located in Island Estates, spans 0.3 acres and features a 7,000-square-foot house with six bedrooms, a movie theater, and a pool. The residents will also have access to the amenities offered by Privé.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $10,100,000
- Square Footage: 7,000
- Price per Square Foot: $1,443
- Market: Aventura
Pierre Thomas, the CEO of Quality Control Music, represented himself as the buyer in this deal. Jason Samuels from Coldwell Banker Realty acted as the buyer's representative, while Chad Carroll from The Carroll Group at Compass represented the seller, Simon & Rhona Conway.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $1.4K per square foot on a published $10.1M for 7,000 square feet (2023).
Visit Chad Carroll to view all their deals.
Browse Miami single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93