Updated Dec 20, 2023
Edna Buchanan Sells Venetian Islands, Miami Beach Single Family For $12M
Venetian Islands, Miami Beach, Florida, United States
$12,000,000
$3,000,000/SF
Building Size
4 SF
Asset Type
Single Family Residence
Closing
Nov 28, 2022
About this deal
AI
Located in the desirable Venetian Islands of Miami Beach, this single-family property offers a prime opportunity for luxury living. Spanning approximately 0.25 acres, the property boasts a spacious 4,400 square feet of living space.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $12,000,000
- Market: Venetian Islands, Miami Beach
- Image: Edna Buchanan
- Date: 11/28/2022
- PPSF: $2,727
Notable journalist and author, Edna Buchanan, served as the seller in this transaction. Her expertise and reputation in the industry likely played a significant role in the successful sale of this magnificent property. The transaction was closed on 11/28/2022 for a sale price of $12,000,000, making it an exceptional opportunity for both the seller and the buyer.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3M per square foot on a published $12M for 4 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93