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Tom And Patricia Kennedy Sell Miami Beach Mansion At 55 East San Marino Drive For $48.5M
SOLD
$48,500,000
Florida
See Similar DealsSingle Family9,700 SF
Sold 03/10/2025
SOLD
Tom And Patricia Kennedy Sell Miami Beach Mansion At 55 East San Marino Drive For $48.5M
55 East San Marino Drive
See Similar DealsSingle Family9,700 SF
Sold 03/10/2025
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$5,000
Total Square Footage:9,700 SF
Transaction Type:Sale
The property is a single-family home located at 55 East San Marino Drive in Miami Beach. It comprises 9,700 square feet of living space and is listed for $48,500,000, equating to about $5,000 per square foot.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $48,500,000
- Seller: Tom & Patricia Kennedy
- Listing Broker(s): Dina Goldentayer - Douglas Elliman; Jonathan Brody - BASE Realty Group
- Buyer’s Broker: Jonathan Brody - BASE Realty Group
- Note: The sale led last week’s Eklund-Gomes report, which tracked 12 luxury contracts in Miami-Dade totaling $137.4 million in asking volume.
Representing the sellers were Dina Goldentayer of Douglas Elliman and Jonathan Brody of BASE Realty Group, with Brody also serving as the buyer’s broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$172,310.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$229,914.74
Annual Debt Service$2,758,976.92
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