150-158 SW 7th Street LLC Acquires Single Family Property From Santiago Vanegas For $12.5M

A single-family property located at 150 Southwest 7th Street in Miami has been sold for $12.5 million. The asset spans 2,200 square feet, resulting in a price per square foot of $5,682, which indicates a potentially strategic move for high-density redevelopment in the Brickell area.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $12,500,000
• Address: 150 Southwest 7th Street
• Market: Miami
• Square Footage: 2,200
• Price per Square Foot: $5,682
• Buyer: 150-158 SW 7th Streer LLC
• Seller: Santiago Vanegas (Santiago_Vanegas_Motta) - Habitat Group

The deal features Santiago Vanegas representing Habitat Group in the transaction, while the buyer is 150-158 SW 7th Streer LLC. The significant purchase price strongly suggests a land-assembly play for redevelopment in the future.