Morris Betesh Of Arrow Real Estate Advisors Acquires Miami Beach Mansion From Floyd Mayweather For $22M

The property asset involved in this transaction is a single-family home located at 288 South Coconut Lane in Miami Beach. It spans approximately 9,094 square feet and sits on a 14,000 square foot lot. The sale price for the property was $22,000,000, which equates to a price per square foot of $2,419. The lot price per square foot was $1,571.

Summary of transation details:

• Property Type: Single Family
• Transaction Amount: $22,000,000
• Buyer: Morris Betesh - Arrow Real Estate Advisors
• Seller: Floyd Mayweather
• Lender: Hankey Capital
• Square Footage: 9,094
• Lot Square Footage: 14,000
• Price per Square Foot: $2,419
• Price per Lot Square Foot: $1,571

Morris Betesh, represented by Arrow Real Estate Advisors, acquired the property through 288 SC LLC, assuming a $13 million mortgage as part of the transaction. Floyd Mayweather previously purchased the property in 2021 for $18 million through his company, Fojoso LLC, indicating a financial gain in this sale.