Sierra Development Sells Pinecrest Home With Digital Twin For $11.2M
10860 Southwest 67th Court
$11,200,000
$1,355/SF
Building Size
8,263 SF
Asset Type
Single Family
Closing
Oct 17, 2023
AI
A single-family property in Pinecrest, Miami-Dade County, has been sold for $11.2 million. The property is situated at 10860 Southwest 67th Court and covers an area of 1.09 acres. With a total square footage of 8,263, the property offers ample space for comfortable living. The selling price translates to a per square foot value of $1,355.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $11,200,000
- Address: 10860 Southwest 67th Court
- Market: Pinecrest
- Acreage: 1.09 acres
The sale was facilitated by Frederika Rutten and Michael Martinez from One Sotheby's International Realty, who served as the brokers representing Sierra Development - Niles Bay, the seller. Their expertise and guidance played a crucial role in securing the successful transaction. This sale marks a significant trend in real estate marketing and ownership, as the property includes a digital version within the Sandbox metaverse. The digital twin empowers the owner to explore and interact with the virtual property, adding a unique dimension to the traditional real estate experience.
Players
Pinecrest Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93