Updated Oct 29, 2024
Lou Groll Investments LLC Acquires Single Family Home On Venetian Islands For $13.7M
Venetian Islands, Miami Beach, Florida, United States
$13,700,000
$2,844/SF
Building Size
4,816 SF
Asset Type
Single Family
Closing
May 13, 2022
About this deal
AI
A single-family home located in the Venetian Islands of Miami Beach has been sold for a price of $13,700,000. The property spans 4,816 square feet, resulting in a price per square foot of $2,845. The transaction took place on May 13, 2022.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $13,700,000
The buyer, Lou Groll Investments LLC, was represented by Paul Groll. The sellers of the property were Gloria and Emilio Estefan. Acting as brokers in the deal were Jill Eber and Jill Hertzberg from The Jills Zeder Group, affiliated with Coldwell Banker. London Financial provided the financing for the transaction.
These key individuals and companies played crucial roles in the successful completion of the sale, facilitating the transaction between the buyer and sellers. The sale of this single-family home in the Venetian Islands of Miami Beach marks a significant transaction in the real estate market.
On the Map
$13,700,000
$2,844/SF
Single Family
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Players
Miami Beach 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
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93