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2501 Lake Avenue

Updated Dec 4, 2024

Sunlake Properties Miami Acquires Henrique Jordan's Sunset Islands Home For $27M
SOLDSingle Family

Sunlake Properties Miami Acquires Henrique Jordan's Sunset Islands Home For $27M

2501 Lake Avenue

$27,000,000

$4,988/SF

Building Size

5,413 SF

Asset Type

Single Family

Closing

Sep 26, 2023

About this deal

AI

A waterfront property located at 2501 Lake Avenue in Miami Beach has been sold for $27 million. The property, initially listed for $34.9 million, was purchased by Sunlake Properties Miami. Spanning 0.65 acres, the single-family home offers a total of 5,413 square feet of living space, featuring five bedrooms and seven bathrooms. The property boasts a pool and a dock, making it an idyllic retreat for water enthusiasts.

Summary of Transaction Details

  • Property Type: Single Family
  • Transaction Amount: $27,000,000
  • Address: 2501 Lake Avenue
  • Market: Miami Beach
  • Acres: 0.65

Jill Hertzberg from The Jills Zeder Group at Coldwell Banker represented the buyer, Sunlake Properties Miami, in this transaction. On the other hand, Lourdes Alatriste from Douglas Elliman acted as the seller's representative. This deal is a significant milestone for both parties involved, showcasing their expertise in the Miami Beach real estate market. While the property was listed at a higher price initially, it was eventually sold for $27 million, demonstrating the negotiation skills and market knowledge of the buyer and sellers' representatives.

Players

Lourdes Alatriste

Douglas Elliman

Broker

$588.6M

vol

40 deals

Broker

Miami Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $5K per square foot on a published $27M for 5,413 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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