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300 S Pointe Dr Unit 1105 -...

Updated May 12, 2025

Luxury Condo In Portofino Tower Miami Beach Sold For $4.3M By Dora Puig
SOLD

Luxury Condo In Portofino Tower Miami Beach Sold For $4.3M By Dora Puig

300 S Pointe Dr Unit 1105 - Portofino Tower

$4,300,000

Building Size

Asset Type

Closing

Aug 28, 2022

About this deal

AI

The property involved in this transaction is a condo located at 300 S Pointe Dr Unit 1105 in the Portofino Tower, situated in the Miami Beach market. The sale price of the property was $4,300,000, with a total square footage of 2,355. The price per square foot for this transaction was recorded at $1,826.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $4,300,000
  • Square Footage: 2,355
  • Price per Square Foot: $1,826
  • Address: 300 S Pointe Dr Unit 1105 - Portofino Tower
  • Market: Miami Beach
  • Broker: Dora Puig - Luxe Living Realty

The deal was facilitated by broker Dora Puig representing the buyer through Luxe Living Realty. A noteworthy aspect of this transaction is that it achieved the highest non-penthouse price per square foot in the building’s history, as noted by the broker.

Players

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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