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Samuel Bissu Sells Bay Harbor Islands Single Family Home For $14.25M

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SOLD
$14,250,000

Florida

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Single Family6,185 SF
Sold 05/10/2024
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Property Image
SOLD

Samuel Bissu Sells Bay Harbor Islands Single Family Home For $14.25M

9501 East Broadview Drive

See Similar Deals
Single Family6,185 SF
Sold 05/10/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,304
Total Square Footage:6,185 SF
Transaction Type:Sale

The property at 9501 East Broadview Drive in Bay Harbor Islands, a single-family home, was sold for $14,250,000. Spanning 6,185 square feet, the newly constructed waterfront residence boasts a price per square foot of $2,304. Developed by Luxom, the home was designed by architect Simón Bissu of SBB ARQUITECTURA, with interior design by Margaret Bissu.

Summary of transaction details:

Isaac Lustgarten and Oren Alexander served as the seller's representatives in the transaction, while Chad Carroll from Compass represented the buyer. The sale of this waterfront home sets a new record for the highest sale price on the east side of Bay Harbor Islands. The property was meticulously crafted with a vision from renowned professionals, making it a sought-after acquisition in the local real estate market.

Players

Chad Carroll
84 deals$1.7B volume(305) 400-9507
BROKER

Isaac Lustgarten
The Corcoran Group
24 deals$262.6M volume(305) 450-8045
BROKER

Oren Alexander
Official
106 deals$2B volume(305) 610-4559
BROKER

Details

SOLD
IMAGE: Samuel Bissu, Isaac Lustgarten, Oren Alexander & Chad Carroll DATE: 05/10/2024 ADDRESS: 9501 East Broadview Drive MARKET: Bay Harbor Islands ASSET TYPE: Single Family SELLER: Samuel Bissu (@LuxomDevelopments) SELLER'S REP: Oren Alexander (@Orenalexander) & Isaac Lustgarten (@Isaac_lustgarten) - Official (@OfficialPartners) BUYER'S REP: Chad Carroll (@ChadCarroll) - Compass (@Compass) SALE PRICE: $14,250,000 SF: 6,185 ~ PPSF: $2,304 NOTE FROM SELLER'S REP: Developed by Luxom, conceived by renowned architect Simón Bissu of SBB ARQUITECTURA, with interior design by Margaret Bissu, this brand new construction waterfront home sale represents the highest sale recorded on the east side of Bay Harbor Islands.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$760,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$50,627.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,552.27
Annual Debt Service$810,627.24