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661 Melaleuca Lane

Natalia Temkin Acquires Single Family Home In Miami For $9.5M
SOLDSingle Family

Natalia Temkin Acquires Single Family Home In Miami For $9.5M

661 Melaleuca Lane

$9,500,000

$1,804/SF

Building Size

5,266 SF

Asset Type

Single Family

Closing

Mar 22, 2024

AI

The property located at 661 Melaleuca Lane in Miami, is a Single Family home with a total square footage of 5,266. The transaction amount for this sale was $9,500,000, equating to a price per square foot of $1,804.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $9,500,000
  • Address: 661 Melaleuca Lane
  • Market: Miami
  • Buyer: Natalia Temkin
  • Seller: Alexander & Rena Karakhanian
  • Buyer's Representative: Tim Lobanov - Verzasca Intl Realty
  • Seller's Representative: Jonathan Garcia - ONE Sotheby’s Intl Realty

The sale of this property marked a record at Bay Point, with the second-highest non-waterfront sale. The residence embodies a blend of luxury and contemporary elegance, featuring exquisite design finishes, European plank oak floors, Italian black scrapped wood & glass kitchen, and floor-to-ceiling impact windows that fill the space with natural light. The property includes 5 bedrooms, 4.5 bathrooms, a grand 1,000 square foot master suite, an office, and a lush yard with a salt-water pool. Situated in the prestigious Bay Point Estates, the home offers sophisticated living in a secure and gated community.

Players

Jonathan Garcia

Sotheby's International Realty

Broker

$18M

vol

3 deals

Broker

Miami 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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93