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
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