Miami Beach Property Sells for $7M in Deal Brokered by Douglas Elliman

In a recent deal brokered by Douglas Elliman, a 3,464 sq ft property located at 10203 Collins Court in Miami Beach, FL, USA has been sold for 7M. The property was sold on 10-12-2021 and the price per square foot (PPSF) was 2,020.

The property is located in the heart of Miami Beach and is just steps away from the ocean. It features four bedrooms, four bathrooms, and a private pool. The property is also equipped with high-end finishes and appliances, making it a luxurious and comfortable living space.

The buyer and seller of the property have not been disclosed, but it is clear that the property was highly sought after. The PPSF of 2,020 is well above the average PPSF for properties in Miami Beach, which is currently around 1,000. This indicates that the property is of high quality and in a desirable location.

Douglas Elliman, the agency that brokered the deal, is one of the largest real estate brokerages in the United States. They have a strong presence in the Miami Beach area and are known for their expertise in luxury real estate. The fact that they were able to broker this deal is a testament to their skill and reputation.

Overall, the sale of this property for $7M is a significant transaction in the Miami Beach real estate market. It demonstrates the high demand for luxury properties in the area and the willingness of buyers to pay a premium for quality and location. It will be interesting to see how this sale affects the market in the coming months and whether it will lead to an increase in prices for similar properties in the area.