Sterling Hayden Acquires Single Family Home On North Bay Road From Robert Mitchum For $8.75M
SOLD
$8,750,000
Florida
See Similar DealsSingle Family Residence7,034 SF
Sold 02/06/2026
SOLD
Sterling Hayden Acquires Single Family Home On North Bay Road From Robert Mitchum For $8.75M
5077 North Bay Road
See Similar DealsSingle Family Residence7,034 SF
Sold 02/06/2026
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,244
Total Square Footage:7,034 SF
Transaction Type:Sale
The property asset involved in the transaction is a single-family home located at 5077 North Bay Road in Miami Beach. The sale price reached $8,750,000, with a total square footage of 7,034, resulting in a price per square foot of $1,243.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,750,000
- Address: 5077 North Bay Road
- Market: Miami Beach
- Square Footage: 7,034
- Price Per Square Foot: $1,243
- Buyer: Sterling Hayden
- Seller: Robert Mitchum
- Brokers: Jackson Keddell & Mushka Jacobson - Douglas Elliman
The key individuals involved in this transaction include the buyer, Sterling Hayden, and the seller, Robert Mitchum. The brokers representing both sides were Jackson Keddell and Mushka Jacobson, associated with Douglas Elliman, highlighting their involvement in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$466,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,086.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,479.46
Annual Debt Service$497,753.57
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