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

Property Image
SOLD
$22,000,000

Florida

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Single Family9,094 SF
Sold 11/19/2024
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SOLD

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

288 South Coconut Lane

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Single Family9,094 SF
Sold 11/19/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,419
Total Square Footage:9,094 SF
Transaction Type:Sale

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.

Players

Hankey Capital
Hankey Capital
LENDER

Details

SOLD
IMAGE: Floyd Mayweather & Morris Betesh DATE: 11/19/2024 ADDRESS: 288 South Coconut Lane MARKET: Miami Beach ASSET TYPE: Single Family BUYER: Morris Betesh - Arrow Real Estate Advisors (@Arrow_rea) SELLER: Floyd Mayweather (@FloydMayweather) LENDER: Hankey Capital SALE PRICE: $22,000,000 SF: 9,094 ~ PPSF: $2,419 LOT SF: 14,000 ~ PPLSF: $1,571 NOTE: Floyd Mayweather sold his 9,094-square-foot Miami Beach mansion for $22 million to 288 SC LLC, managed by Morris Betesh, with the buyer assuming a $13 million mortgage. Mayweather’s company, Fojoso LLC, purchased the property for $18 million in 2021, earning a solid gain in the off-market deal.

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