A single-family teardown property located at 1821 West 27th Street in Miami Beach was sold for $34 million. The asset spans 0.62 acres and features 6,860 square feet of space, resulting in a price per square foot of $4,956. The sale occurred in the Miami Beach market.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $34,000,000
• Address: 1821 West 27th Street
• Market: Miami Beach
• Acres: 0.62
• Square Footage: 6,860
• Price Per Square Foot: $4,956
• Buyer: Edmond Harbour
• Seller: Dr. Mark Jaffe & Patricia Jaffe
• Buyer's Representative: Julian Johnston - The Corcoran Group
• Seller's Representative: John Sandberg - Compass

Investor Edmond Harbour acquired the property, which is located in Miami Beach’s Sunset Islands. This purchase adds to his previously made acquisition of an adjacent lot for $26.5 million, bringing his total investment in the area to $60.5 million across two lots. Julian Johnston of The Corcoran Group represented the buyer, while John Sandberg of Compass represented the seller in this transaction.