Updated Dec 4, 2024
Craig Robins And Jackie Soffer Sell Miami Beach Mansion For $36M To Seren Properties LLC
2511 Lake Avenue
$36,000,000
$4,325/SF
Building Size
8,323 SF
Asset Type
Single Family
Closing
Sep 22, 2023
About this deal
AI
Miami power couple Craig Robins and Jackie Soffer have sold their Miami Beach mansion for $36 million. The 8,323-square-foot estate, located at 2511 Lake Avenue, features seven bedrooms, a heated pool, and a Zaha Hadid-designed bathroom. The property sits on 0.59 acres in the desirable Miami Beach market.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $36,000,000
- Address: 2511 Lake Avenue, Miami Beach
- Market: Miami Beach
- Square Footage: 8,323
- PPSF (Price Per Square Foot): $4,325
- Buyer: Seren Properties LLC - Stuart Grossman
- Seller: Craig Robins - Dacra; Jackie Soffer - Turnberry Associates
- Brokers: Jill Hertzberg & Jill Eber - The Jills Zeder Group - Coldwell Banker Realty
The deal was finalized on September 22, 2023, with Seren Properties LLC, represented by Stuart Grossman, as the buyer. Craig Robins and Jackie Soffer, prominent figures in the Miami area, sold the mansion through their respective companies, Dacra and Turnberry Associates. The transaction was facilitated by brokers Jill Hertzberg and Jill Eber of The Jills Zeder Group at Coldwell Banker Realty.
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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About $4.3K per square foot on a published $36M for 8,323 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93