Updated Oct 16, 2026
SOLDSingle Family
Tara Garlinghouse And Brad Garlinghouse Purchase Miami Beach Mansion From Fang Wu For $17.2M
11 East Rivo Alto Drive
$17,200,000
$3,121/SF
Building Size
5,511 SF
Asset Type
Single Family
Closing
Oct 14, 2026
About this deal
AI
A 5,511-square-foot single-family home located at 11 East Rivo Alto Drive in the Miami Beach market was sold for $17,200,000. The property features four bedrooms and is situated on the Venetian Islands.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,200,000
- Address: 11 East Rivo Alto Drive
- Market: Miami Beach, FL
- Square Footage: 5,511
- Price per Square Foot: $3,121
- Buyer: Tara Garlinghouse & Brad Garlinghouse - Ripple
- Seller: Fang Wu
- Broker: Danny Hertzberg - Coldwell Banker
Newhouse Development LLC, managed by Tara Garlinghouse, who is married to Ripple CEO Brad Garlinghouse, purchased the property. The seller, Fang Wu, previously acquired the home for $13.55 million in 2021. Danny Hertzberg represented both the buyer and the seller in this transaction. The buyers intend to renovate the property following the acquisition.
On the Map
$17,200,000
$3,121/SF
Single Family
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Players
Rusk Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $3.1K per square foot on a published $17.2M for 5,511 square feet (2026).
Visit Daniel (Danny) Hertzberg to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93