Former Allergan CEO Acquires Cher's Miami Beach Home For $35.35M
64 Lagorce Circle
$35,350,000
$2,839/SF
Building Size
12,450 SF
Asset Type
Single Family
Closing
Nov 27, 2023
AI
The former Miami home of Cher, located at 64 Lagorce Circle in Miami Beach, has been sold for a price of $35.35 million. The 12,450-square-foot single-family property features six bedrooms, a 50-foot pool, and waterfront access. Situated on a 0.68-acre lot, the residence is part of the exclusive La Gorce Island community, known for its luxury waterfront properties.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $35,350,000
- Address: 64 Lagorce Circle
- Market: Miami Beach
- Asset Type: Single Family
- Acres: 0.68
The sale was brokered by Dina Goldentayer and Raissa Enis of Douglas Elliman. The buyers of the property are a former CEO of Allergan and their partner. This prestigious property offers a spacious and luxurious living experience, combined with its prime waterfront location in La Gorce Island.
Players
North Bay Village Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93