Gloria & Emilio Estefan Sell Miami Beach Single Family Home For $35M
Miami Beach, FL, USA
$35,000,000
$4,381/SF
Building Size
7,988 SF
Asset Type
Single Family
Closing
Jul 23, 2021
AI
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
Miami 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93