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
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.
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
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