La Gorce Cir Developments Acquires 12 La Gorce Circle, Miami Beach, SF: 5,274, $19.5M
12 Lagorce Circle
$19,500,000
$3,697/SF
Building Size
5,274 SF
Asset Type
Single Family
Closing
Oct 5, 2023
AI
A single-family property located at 12 La Gorce Circle in Miami Beach has been sold for a price of $19.5 million. The property spans across 0.47 acres and offers a living area of 5,274 square feet. The sale price per square foot was calculated at $3,697. This transaction highlights the strong demand for secure properties in South Florida's luxury market.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $19,500,000
- Address: 12 La Gorce Circle, Miami Beach
- Market: Miami Beach
- Acres: 0.47
The property was purchased by La Gorce Cir Developments, represented by Miguel Yoma, Guillermo Osses, and Francisco Perez. On the selling side, Stephen and Michael Bernstein were the owners of the property. The brokers involved in the deal were Danny Hertzberg, Jill Eber, and Jill Hertzberg from the Jills Zeder Group at Coldwell Banker.
It is noteworthy that the La Gorce Island home, previously owned by Audrey Levinson Bernstein, was listed for $25 million before ultimately being sold for $19.5 million. This transaction further exemplifies the strong demand for secure properties in South Florida's luxury market.
Players
North Bay Village 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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93