The Real Deal Miami

Design District home sells for $1.33 million

November 01, 2012 11:15AM

45 NE 41st Street

The home at 45 NE 41st Street in Miami’s Design District has sold for $1.325 million, according to Chariff Realty, which listed the property. The sale represents the largest-ever residential sale in the Design District, according to the brokerage, which said the property sold within three days after being listed at $1.45 million. The buyer was a limited liability company called 45 Design District, which is managed by Alexander Karakhanian. The property had last sold in 1975 for $43,000. Its market value was $421,000, according to the Miami-Dade County Property Appraiser’s office. — Alexander Britell