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40 West San Marino Drive

Updated Jan 21, 2025

Bilt advertisement
Mindy Templeton Of KC Property Holdings Purchases Waterfront Home From Scott Reynolds And Doreane DiGiacomo For $22.75M
SOLDSingle Family

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

Julian Johnston

The Corcoran Group

Broker

$777.3M

vol

55 deals

Broker

Miami Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $4.5K per square foot on a published $22.8M for 5,020 square feet (2025).

Visit Karen Stauber to view all their deals.

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

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