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
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