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One Sotheby's International Realty Sells Single Family Home In Golden Beach For $5.5M

Property Image
SOLD
$5,500,000
Jonathan Bigelman
Lydia Eskenazi

Florida

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Single Family2,976 SF
Sold 12/01/2023
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Property Image
SOLD

One Sotheby's International Realty Sells Single Family Home In Golden Beach For $5.5M

532 North Island Road

See Similar Deals
Single Family2,976 SF
Sold 12/01/2023
Jonathan Bigelman
Lydia Eskenazi
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,848
Total Square Footage:2,976 SF
Transaction Type:Sale

Located at 532 North Island Drive in Golden Beach, this single-family home was recently sold in a closed transaction. The property spans a total of 2,976 square feet, offering ample space for its new owner. The sale price for this stunning waterfront development opportunity was $5,500,000, resulting in a price per square foot of $1,848.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $5,500,000
  • Square Footage: 2,976
  • Price per Square Foot: $1,848
  • Market: Golden Beach

Represented by Jonathan Bigelman and Lydia Eskenazi of One Sotheby's International Realty, this sale showcases their expertise in the Golden Beach market. Congratulations to both the buyer and the seller for successfully completing this transaction. For any additional information on properties in Golden Beach, reach out to the resident experts at One Sotheby's International Realty.

Players

Lydia Eskenazi
Sotheby's International Realty
Lydia Eskenazi
24 deals$218.2M volume
BROKER
Jonathan Bigelman
Sotheby's International Realty
Jonathan Bigelman
19 deals$212.5M volume(786) 246-2068
BROKER

Details

SOLD
IMAGE: Jonathan Bigelman & Lydia Eskenazi DATE: 12/01/2023 ADDRESS: 532 North Island Drive MARKET: Golden Beach ASSET TYPE: Single Family SELLER'S REP: Jonathan Bigelman (@Miami.Broker) & Lydia Eskenazi (@LydiaEskenazi) - One Sotheby's International Realty (@onesir) SALE PRICE: $5,500,000 SF: 2,976 ~ PPSF: $1,848 NOTE FROM SELLER'S REP: Lydia Eskenazi and Jonathan Bigelman with One Sotheby's do it again inside the gates of Golden Beach! This was a prime waterfront development opportunity. Congrats to the buyer, seller, and all parties involved. Contact the Golden Beach resident experts for any additional information.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67