Updated Dec 4, 2024
Oliver & Laurie Lloyd Sell Miami Beach Single Family For $37M
2700 Sunset Drive
$37,000,000
$3,700/SF
Building Size
10,000 SF
Asset Type
Single Family
Closing
Jul 11, 2024
About this deal
AI
The Single Family property located at 2700 Sunset Drive in Miami Beach was sold for $37,000,000. The asset spans 10,000 square feet, resulting in a price per square foot of $3,700.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $37,000,000
- Address: 2700 Sunset Drive
- Market: Miami Beach
- Seller: Oliver & Laurie Lloyd
- Buyer's Rep: Jordan Karp - Jordan Karp LLC
Jordan Karp represented the buyer in the transaction, facilitating the acquisition of the property at 2700 Sunset Drive. Oliver & Laurie Lloyd served as the sellers in this notable deal.
On the Map
$37,000,000
$3,700/SF
Single Family
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Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93