Michael A. Diaz Of Miami Brokers Group Closes $14.3M Sale Of Pinecrest Single Family Home
8900 Southwest 64th Court
$14,300,000
$1,361/SF
Building Size
10,501 SF
Asset Type
Single Family
Closing
Jul 15, 2024
AI
This single-family property located at 8900 Southwest 64th Court in the Pinecrest market has a sale price of $14,300,000. It encompasses a substantial 10,501 square feet of living space, valuing the property at approximately $1,362 per square foot. The property was listed with an asking price of $15,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,300,000
- Asking Price: $15,000,000
- Square Footage: 10,501
- Price Per Square Foot: $1,362
- Market: Pinecrest
- Date of Sale: 07/15/2024
- Broker: Michael A. Diaz - Miami Brokers Group
Michael A. Diaz, representing Miami Brokers Group, played a pivotal role in facilitating this transaction that marks a notable achievement in the luxury real estate market of Pinecrest. This sale reflects the ongoing demand for high-value properties within the community.
Pinecrest 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93