Updated Feb 24, 2025
Fred & Aaron Karlton Sell Waterfront Mansion At 6494 Allison Road Miami Beach For $31.5M
6494 Allison Road
$31,500,000
$3,925/SF
Building Size
8,024 SF
Asset Type
Single Family
Closing
Feb 21, 2025
About this deal
AI
A waterfront spec mansion located at 6494 Allison Road in Miami Beach has been sold for $31.5 million. The property spans approximately 8,024 square feet and is set on 0.4 acres. The price per square foot for this transaction amounts to $3,926.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $31,500,000
- Address: 6494 Allison Road
- Market: Miami Beach
- Seller: Fred & Aaron Karlton - Karlton Companies
- Buyer's Representative: Dora Puig - Luxe Living Realty
- Seller's Representative: Jordan Karp - Jordan Karp LLC
- Attorney: The Elias Law Firm
- Acres: 0.4
- Square Footage: 8,024
- Price per Square Foot: $3,926
The transaction involved Fred and Aaron Karlton of Karlton Companies as the sellers, while the buyer was represented by Dora Puig from Luxe Living Realty. Jordan Karp of Jordan Karp LLC acted as the representative for the sellers. Legal representation for the transaction was provided by The Elias Law Firm. Notably, this sale set a record for Allison Island.
On the Map
$31,500,000
$3,925/SF
Single Family
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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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93