Updated Mar 10, 2026
Richard C. Shipley And Feyza Altindag Williams Sell Waterfront Home In Miami For $15 Million
3333 Poinciana Avenue
$15,000,000
Units
7,642
Asset Type
Single Family
Closing
Mar 6, 2026
About this deal
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
Miami Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2K per unit across 7642 units on a published $15M (2026).
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Browse Miami single family sales on Traded.
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