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1860 Bay Drive

Updated Dec 4, 2024

Antonio Perez Acquires Miami Beach Single Family Home For $5.25M
SOLDSingle Family

Antonio Perez Acquires Miami Beach Single Family Home For $5.25M

1860 Bay Drive

$5,250,000

Building Size

—

Asset Type

Single Family

Closing

Oct 17, 2023

About this deal

AI

The recently closed property transaction in Miami Beach involved the sale of a single-family home located at 1860 Bay Drive. The property offers stunning panoramic views of Biscayne Bay and downtown Miami. The interior of the home features elegant carrara marble flooring throughout and a newly renovated chef's kitchen with Viking appliances. The two-story main residence is accompanied by a guest apartment above. The property was sold for a price of $3,250,000.

Summary of transaction details:

  • Property Type: Single Family Home
  • Transaction Amount: $3,250,000
  • Address: 1860 Bay Drive
  • Market: Miami Beach

The buyer of the property was Antonio Perez, and the seller was Joseph Estrada & William Toth. Representing the buyer was Ana Salib from Real Estate of Florida Broward, while the seller was represented by Alex Kaufmann & Larry Hughes from Coldwell Banker Global Luxury.

According to the seller's representative, the property was successfully sold within just two weeks. The flawlessly redone waterfront home with its breathtaking views and elegant interior attracted the attention of buyers, ultimately resulting in a swift transaction.

On the Map

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$5,250,000

Single Family

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Players

Alex Kaufmann

Coldwell Banker

Broker

$6.8M

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2 deals

Broker
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Miami Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

Antonio Perez bought a home in Miami Beach for $5.3M in 2023. The full closing is on this page.

Visit Alex Kaufmann to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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