Updated Dec 4, 2024
Compass Facilitates $21.95M Record Sale In Bay Harbor Islands With Douglas Elliman Seller Rep
$21,950,000
$2,671/SF
Building Size
8,216 SF
Asset Type
Single Family
Closing
Apr 19, 2024
About this deal
AI
The sale in Bay Harbor Islands involved a single-family property spanning 0.3 acres. The property, located at 9520 W. Broadview Drive, was a spec mansion with 8,216 square feet of space, featuring eight bedrooms, nine bathrooms, a pool, balcony, elevator, and bar. The transaction set a new record for the area with a selling price of $21,950,000, translating to $2,672 per square foot.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $21,950,000
- Market: Bay Harbor Islands
- Seller: Matthew Rosenblatt - 2151 Development Group
- Buyer's Rep: Michael Martirena & Ivan Chorney - Compass
- Seller's Rep: Dina Goldentayer - Douglas Elliman
The sale was facilitated by Dina Goldentayer of Douglas Elliman representing the seller, while the buyers were represented by Ivan Chorney and Michael Martirena of Compass Florida. This transaction marked the second price record set in Bay Harbor Islands during that month, highlighting the active real estate market in the area.
Players
Market 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93