facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family

/

Sale

/

12 Lagorce Circle

La Gorce Cir Developments Acquires 12 La Gorce Circle, Miami Beach, SF: 5,274, $19.5M
SOLDSingle Family

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

Jill Eber

Coldwell Banker

Broker

$1.1B

vol

46 deals

Broker

Francisco Perez

Buyer

$123.6M

vol

6 deals

Buyer

North Bay Village 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

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93