OLEC Residential Trust has acquired a Single Family property in Miami Beach for a sale price of $11,200,000. The property, owned by Sylvia Montelongo Moss, spans across 9,278 square feet and is situated on a 20,000 square foot lot. With a price per square foot of $1,207 for the interior space and $560 for the overall lot, this transaction showcases the value of the property in the market.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $11,200,000
• Square Footage: 9,278 (Interior), 20,000 (Lot)
• Price per Square Foot: $1,207 (Interior), $560 (Lot)
• Market: Miami Beach

The purchase was facilitated by Oliver Lloyd, Bill Hernandez, and Bryan Sereny, who represented OLEC Residential Trust as the buyer's brokers. On the seller's side, Sylvia Montelongo Moss handled the transaction herself. This successful deal demonstrates the expertise and professionalism of the brokers involved, showcasing their ability to close significant transactions in the Miami Beach market.