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Miami Beach, FL, USA

Maxwell E Realty Inc Represents Buyer In $9.1M Sale Of Miami Beach Single Family Home
SOLDSingle Family

Maxwell E Realty Inc Represents Buyer In $9.1M Sale Of Miami Beach Single Family Home

Miami Beach, FL, USA

$9,100,000

$2,557/SF

Building Size

3,558 SF

Asset Type

Single Family

Closing

Aug 20, 2021

AI

A single-family property in Miami Beach has been sold for $9,100,000. The property spans 3,558 square feet, resulting in a price per square foot of $2,559. The sale was finalized on 08/20/2021.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $9,100,000
  • Square Footage: 3,558
  • Price per Square Foot: $2,559
  • Sale Date: 08/20/2021

The sellers of the property were Michelle Simkins and Matthew Sidman of Three Bays Capital, while the buyer's representative was Ryan Mendell from Maxwell E Realty Inc. On the seller's side, Nancy Batchelor and Simone Weissman of BHHS EWM Realty served as the representatives in the transaction.

Players

Nancy Batchelor

Compass

Broker

$352.3M

vol

51 deals

Broker

Michelle Simkins

Seller

$29.6M

vol

3 deals

Seller

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

1.74%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93