Jill Eber & Fabio Lopes Secure $62.5M Sale Of Miami Beach Waterfront Villa
98 Lagorce Circle
$62,500,000
$4,880/SF
Building Size
12,807 SF
Asset Type
Single Family
Closing
Jun 6, 2024
AI
A waterfront home on La Gorce Island in Miami Beach was recently sold for $62.5 million. The LEED Gold-certified villa, designed by Philippe Harari’s Aquablue Group, features 7 bedrooms, 13 bathrooms, a rooftop, gym, spa, theater, and an 88’ infinity pool, all set on a 31,800-SF property with a yacht dock.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $62,500,000
- Asset Size: 12,807 SF
- Price per Square Foot: $4,880
- Address: 98 La Gorce Circle, Miami Beach
- Market: Miami Beach
- Property Designer: Choeff Levy Fischman
The property was represented in the transaction by Coldwell Banker and One Sotheby's International Realty. Additionally, the deal involved the expertise of property designers from Choeff Levy Fischman. The collaboration between these entities facilitated the successful sale of the luxurious waterfront residence.
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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93