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9208 Bay Drive

AH 9208 Bay Drive LLC Purchases Waterfront Mansion From Reuven & Iris Herssein For $19.8M
SOLDSingle Family

AH 9208 Bay Drive LLC Purchases Waterfront Mansion From Reuven & Iris Herssein For $19.8M

9208 Bay Drive

$19,800,000

$2,062/SF

Building Size

9,600 SF

Asset Type

Single Family

Closing

Sep 25, 2024

AI

The property involved in this transaction is a single-family home located at 9208 Bay Drive in Surfside. The asset was sold for $19,800,000 and spans 9,600 square feet, resulting in a price per square foot of $2,063.

Summary of transaction details:

The deal was facilitated by the Jills Zeder Group, comprised of brokers Hillary Hertzberg, Jill Hertzberg, and Daniel Hertzberg. This sale set a new record for single-family home prices in Surfside, surpassing the previous record of $15.3 million.

Players

Jill Hertzberg

Coldwell Banker

Broker

$2.4B

vol

92 deals

Broker

Surfside 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

0.80%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93