C. Dean Metropoulos Sells Oceanfront Mansion At 7825 Atlantic Way To SKN Beach LLC For $23.5M
7825 Atlantic Way
$23,500,000
$3,637/SF
Building Size
6,461 SF
Asset Type
Single Family
Closing
Apr 23, 2025
AI
A single-family home located at 7825 Atlantic Way in Miami Beach has been sold for $23.5 million. The property spans an area of 6,461 square feet and sits on a 0.37-acre lot.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,500,000
- Address: 7825 Atlantic Way
- Market: Miami Beach
- Square Footage: 6,461
- Price per Square Foot: $3,637
- Buyer: SKN Beach LLC
- Seller: C. Dean Metropoulos
- Buyer's Representative: Stacy Robins - Stacy Robins Companies
- Seller's Representatives: Alejandro Diaz-Bazan & Jill Hertzberg - Coldwell Banker
The transaction involved billionaire C. Dean Metropoulos selling his oceanfront mansion to SKN Beach LLC, which is managed by attorney Charles H. Ratner. The sale marks a $3.5 million gain since the property was last traded in 2022, with representation provided by Jill Hertzberg for the seller and Stacy Robins for the buyer.
Players
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93