Mathieu Massa Sells Miami Beach Sunset Islands Home For $32M In All-Cash Deal
$32,000,000
$5,218/SF
Building Size
6,132 SF
Asset Type
Single Family
Closing
Nov 17, 2023
AI
Developer Mathieu Massa has sold his Miami Beach waterfront Sunset Islands home in an all-cash deal for $32 million, making it one of the year's priciest sales. The seven-bedroom property, previously rented by Nir Meir's wife, features a wine cellar, office, and outdoor entertainment area with a pool, kitchen, bar, and dock. It spans 6,132 square feet and has a price per square foot of $5,219. The property, initially listed for $36 million in October, offers luxurious amenities and a prime waterfront location.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $32,000,000
- Market: Miami Beach
- Acres: 0.3
The buyer's representative, Marko Gojanovic, and Reid Heidenry from Sotheby's International Realty, facilitated the purchase on behalf of the buyer. On the other hand, Dina Goldentayer and Julian Cohen from Douglas Elliman represented the seller, Mathieu Massa. The involvement of these experienced professionals highlights the significance of this high-profile transaction.
Players
Market 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93