Updated Dec 4, 2024
Félix Ortiz Torres & Gabriel Pizarro Purchase David Draiman's Pinecrest Mansion For $5M
12650 Southwest 77th Avenue
$5,000,000
$759/SF
Building Size
6,583 SF
Asset Type
Single Family
Closing
Sep 22, 2023
About this deal
AI
The South Florida mansion located in Pinecrest, Miami, was sold in a transaction worth $5 million. The single-family property sits on 0.59 acres and spans 6,583 square feet. The address of the estate is 12650 Southwest 77th Avenue.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,000,000
- Market: Pinecrest
- Square Footage: 6,583
- Price per Square Foot: $760
- Buyer: Félix Ortiz Torres & Gabriel Pizarro
- Seller: David Draiman
- Buyer's Representative: Markel Berto - Avanti Way Realty
- Seller's Representative: Carl Gambino - Compass
The transaction involved the sale of the mansion from heavy metal singer David Draiman to reggaeton artist Félix Ortiz Torres of Zion & Lennox. The property boasts luxury amenities such as a chef's kitchen, home theater, and a lagoon-style pool, reflecting the diverse tastes of the individuals involved in the deal.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93