Updated Dec 4, 2024
Pedro Martinez Sells Miami Home For $5.35M With Lance Butnick & Morgan Blittner - Brown Harris Stevens Miami
$5,350,000
$1,070/SF
Building Size
5,000 SF
Asset Type
Single Family
Closing
Oct 23, 2023
About this deal
AI
Hall-of-Famer Pedro Martinez has sold his Miami home in the gated community of San Souci Estates for $5.35 million. The waterfront property offers 75 feet of water frontage and spans 5,022 square feet. It boasts six bedrooms and seven bathrooms, making it a spacious and luxurious single-family asset.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,350,000
- Market: North Miami
- Property Size: 5,000 square feet
- Price Per Square Foot: $1,070
Morgan Blittner and Lance Butnick of Brown Harris Stevens Miami represented the buyers in the transaction. Tracy Abramowitz, from Douglas Elliman, served as Pedro Martinez's representative during the sale.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $5.4M for 5,000 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93