A single-family waterfront mansion located at 1425 West 27th Street in Miami Beach has been sold for $21,500,000. The estate boasts a total square footage of 5,848 and shows a price per square foot of $3,676. The property was last sold in 2008 for $5.7 million, indicating a significant appreciation in value over the years.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $21,500,000
• Address: 1425 West 27th Street
• Market: Miami Beach
• Buyer: 1425 W 27th ST LLC
• Seller: Tidjane Thiam
• Buyer’s Representative: Matt Crane - Compass
• Seller’s Representative: Jason Zarco - Berkshire Hathaway HomeServices EWM Realty
• Lender: Maxim Credit Group
• Square Footage: 5,848
• Price Per Square Foot: $3,676

The deal involved Tidjane Thiam, the former CEO of Credit Suisse, as the seller, while the buyer is represented by attorney Damian Narvaez through the LLC. Financing for the transaction was provided by Maxim Credit Group, facilitating the purchase amidst strong demand for luxury waterfront properties.