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5454 Pine Tree Drive

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

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:

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

Compass

Broker

$352.3M

vol

51 deals

Broker

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