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Gaga LLC Buys Ximena Caminos & Alan Faena's Mediterranean Home For $7.7M

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SOLD
$7,700,000

Florida

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Single Family6,828 SF
Sold 04/12/2024
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SOLD

Gaga LLC Buys Ximena Caminos & Alan Faena's Mediterranean Home For $7.7M

5454 Pine Tree Drive

See Similar Deals
Single Family6,828 SF
Sold 04/12/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,127
Total Square Footage:6,828 SF
Transaction Type:Sale

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:

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

Nancy Batchelor
52 deals$355.5M volume(305) 903-2850
BROKER

Liz Hogan
Compass
33 deals$522M volume(305) 804-9700
BROKER

Matt Crane
Compass
5 deals$72.6M volume(305) 203-0000
BROKER

Details

SOLD
IMAGE: Liz Hogan, Ximena Caminos, Nancy Batchelor, Alan Faena & Matt Crane DATE: 04/12/2024 ADDRESS: 5454 Pine Tree Drive MARKET: Miami Beach ASSET TYPE: Single Family ~ ACRES: 0.35 BUYER: Gaga LLC SELLER: Ximena Caminos & Alan Faena BROKERS: Liz Hogan (@LizHoganrealtor), Matt Crane (@MattCranemiami) & Nancy Batchelor (@NancyBatchelorTeam) - Compass (@Compass) SALE PRICE: $7,700,000 SF: 6,828 ~ PPSF: $1,128 NOTE: Ximena Caminos' eclectic Miami Beach home sold for $7.7 million after being listed for $8.5 million. The 6,828-square-foot, Mediterranean Revival-style residence features nine bedrooms, a custom pool, and modern additions, and was bought by Gaga LLC.

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

$410,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,356.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,501.93
Annual Debt Service$438,023.14