facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family

/

Sale

/

10860 Southwest 67th Court

Sierra Development Sells Pinecrest Home With Digital Twin For $11.2M
SOLDSingle Family

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

Michael Martinez

Sotheby's International Realty

Broker

$134.6M

vol

18 deals

Broker
SD
Sierra DevelopmentSeller

Pinecrest Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

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