Gaga LLC Buys Ximena Caminos & Alan Faena's Mediterranean Home For $7.7M
5454 Pine Tree Drive
$7,700,000
$1,127/SF
Building Size
6,828 SF
Asset Type
Single Family
Closing
Apr 12, 2024
AI
The Mediterranean Revival-style residence located at 5454 Pine Tree Drive in Miami Beach was sold for $7.7 million. Spanning 6,828 square feet on a 0.35-acre lot, the property features nine bedrooms, a custom pool, and modern additions. The home, owned by Ximena Caminos & Alan Faena, was listed for $8.5 million before being acquired by Gaga LLC.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,700,000
- Market: Miami Beach
- Buyer: Gaga LLC
- Seller: Ximena Caminos & Alan Faena
- Brokers: Liz Hogan, Matt Crane & Nancy Batchelor - Compass
- Square Footage: 6,828
- Price per Square Foot: $1,128
Liz Hogan, Matt Crane, and Nancy Batchelor from Compass represented the parties involved in the transaction, facilitating the sale of Ximena Caminos and Alan Faena's eclectic Miami Beach property. The deal, which closed on 04/12/2024, showcased the significant role these individuals played in the successful completion of the transaction.
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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93