Updated Jan 21, 2025
Mindy Templeton Of KC Property Holdings Purchases Waterfront Home From Scott Reynolds And Doreane DiGiacomo For $22.75M
40 West San Marino Drive
$22,750,000
$4,531/SF
Building Size
5,020 SF
Asset Type
Single Family
Closing
Jan 21, 2025
About this deal
AI
The property at 40 West San Marino Drive, located in the Miami Beach market, features a waterfront single-family home encompassing 5,020 square feet. This asset, occupying 0.2 acres, was sold for $22,750,000. The five-bedroom residence was originally listed in 2023 for $26.5 million before undergoing a price reduction and being temporarily pulled off the market. It was re-listed earlier this month for $23.5 million, selling the same day.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $22,750,000
- Address: 40 West San Marino Drive
- Market: Miami Beach
- Square Footage: 5,020
- Price Per Square Foot: $4,532
- Buyer: Mindy Templeton - KC Property Holdings
- Seller: Scott Reynolds & Doreane DiGiacomo
- Buyer's Representative: Karen Stauber - Jills Zeder Group - Coldwell Banker Realty
- Seller's Representative: Julian Johnston - The Corcoran Group
Scott Reynolds and Doreane DiGiacomo's decision to sell their home was a part of a series of high-end transactions in Miami Beach, with recent notable sales including a $15.5 million transaction by Colgate Darden IV and a $13.5 million purchase by Shark Tank investor Rohan Oza.
Players
Miami Beach 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93