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3333 Poinciana Avenue

Richard C. Shipley And Feyza Altindag Williams Sell Waterfront Home In Miami For $15 Million
SOLDSingle Family

Richard C. Shipley And Feyza Altindag Williams Sell Waterfront Home In Miami For $15 Million

3333 Poinciana Avenue

$15,000,000

Building Size

Asset Type

Single Family

Closing

Mar 6, 2026

AI

The property sold is a single-family home located at 3333 Poinciana Avenue in Miami, specifically in Coconut Grove. The residence spans an area of 7,642 square feet and was sold for a total price of $15 million, resulting in a price per unit of $1,963. This transaction indicates the continued appeal of waterfront properties along Biscayne Bay.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $15,000,000
  • Units: 7,642
  • Price Per Unit: $1,963
  • Buyer: 3333 Poinciana LLC
  • Seller: Richard C. Shipley & Feyza Altindag Williams
  • Broker: Nancy Batchelor - Compass
  • Last traded amount in 2018: $5,770,000

In this transaction, the sellers Richard C. Shipley and Feyza Altindag Williams engaged Nancy Batchelor, representing them through Compass. This sale showcases the robust demand for luxurious waterfront properties in the area, reflecting a notable increase in market interest since its last sale.

Players

Nancy Batchelor

Compass

Broker

$352.3M

vol

51 deals

Broker
Richard C. Shipley

Richard C. Shipley

Seller

$15M

vol

1 deal

Seller

Miami 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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93