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Gloria & Emilio Estefan Sell Miami Beach Single Family Home For $35M

Property Image
SOLD
$35,000,000
Todd Nordstrom
Jill Hertzberg
Jill Eber
+ 2

Florida

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Single Family7,988 SF
Sold 07/23/2021
the dealplayerscompscontact
Property Image
SOLD

Gloria & Emilio Estefan Sell Miami Beach Single Family Home For $35M

Miami Beach, FL, USA

See Similar Deals
Single Family7,988 SF
Sold 07/23/2021
Todd Nordstrom
Jill Hertzberg
Jill Eber
+ 2
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$4,381
Total Square Footage:7,988 SF
Transaction Type:Sale

A single-family property in Miami Beach has been sold for a whopping $35,000,000. The property, owned by Emilio & Gloria Estefan, spans across 7,988 square feet. With a price per square foot of $4,382, this sale reflects the luxury and desirability of the Miami Beach market.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $35,000,000
  • Market: Miami Beach
  • Square Footage: 7,988
  • Price Per Square Foot: $4,382

Todd Nordstrom from Compass represented the buyer in this deal, while Jill Hertzberg & Jill Eber from The Jills Zeder Group at Coldwell Banker Realty represented the sellers, Emilio & Gloria Estefan. Their expertise and negotiation skills were crucial in facilitating this high-value transaction in the competitive Miami Beach real estate market.

Players

Jill Eber
Coldwell Banker
Jill Eber
45 deals$1.1B volume
BROKER
Jill Hertzberg
Coldwell Banker
Jill Hertzberg
87 deals$2.3B volume
BROKER
Todd Nordstrom
Compass
Todd Nordstrom
3 deals$69.1M volume
BROKER
GE
Gloria Estefan
3 deals$50.3M volume
BROKER
EE
Emilio Estefan
3 deals$50.3M volume
BROKER

Details

SOLD
IMAGE: Gloria & Emilio Estefan DATE: 07/23/2021 MARKET: Miami Beach ASSET TYPE: Single Family SELLER: Emilio & Gloria Estefan BUYER'S REP: Todd Nordstrom - Compass SELLER'S REP: Jill Hertzberg & Jill Eber - The Jills Zeder Group - Coldwell Banker Realty SALE PRICE: $35,000,000 SF: 7,988 ~ PPSF: $4,382

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

$1,866,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,917.86
Annual Debt Service$1,991,014.27