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Compass Facilitates $21.95M...

Compass Facilitates $21.95M Record Sale In Bay Harbor Islands With Douglas Elliman Seller Rep
SOLDSingle Family

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

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:

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

Dina Goldentayer

Douglas Elliman

Broker

$1.7B

vol

94 deals

Broker

Market Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

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