Stefan Demmerle And Susanne Demmerle Purchase Waterfront Home In Miami Beach For $18.1M

The property asset involved in this transaction is a single-family home located at 1155 North Shore Drive in Miami Beach, with a market value of $18,100,000. The home spans 5,395 square feet and sits on 0.33 acres.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $18,100,000
• Square Footage: 5,395
• Price Per Square Foot: $3,355
• Buyer: Susanne Demmerle; Stefan Demmerle - BorgWarner
• Broker: Todd Nordstrom - Compass
• Market: Miami Beach

This transaction highlights the efforts of automotive executive Stefan Demmerle and his wife, who successfully sold their newly completed waterfront home. The sale was part of a broader trend, as it formed part of 11 high-end contracts signed last week in Miami-Dade, totaling $98 million.