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.