Jacqueline Cabrera Of One Sotheby's International Realty Represents Buyer In Key Biscayne Condo Sale For $1.355M
600 Grapetree Drive, Key Biscayne, FL, USA
$1,355,000
$660/SF
Building Size
2,052 SF
Asset Type
—
Closing
Mar 14, 2021
AI
This condo located at 600 Grapetree Drive, Key Biscayne has a sale price of $1,355,000. The property encompasses 2,052 square feet, valued at approximately $660 per square foot. It features a layout that includes 3 bedrooms, 3 bathrooms, a den, and a separate storage unit, along with direct ocean views and floor-to-ceiling impact windows.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,355,000
- Asking Price: $1,380,000
- Square Feet: 2,052
- Price Per Square Foot: $660
- Buyer's Representative: Jacqueline Cabrera @JacquelineCabrera.Realtor - One Sotheby's International Realty
- Seller's Representative: Melva Garcia @MelvaGarciaRealtor - Compass FL
Jacqueline M. Cabrera, acting as the Buyer's Agent, previously sold the unit as the Listing Agent for $1,100,000 within the same year. The transaction was marked by a 23% gain, highlighting a surge in condo sales due to inventory shortages at the start of 2021.
Players
Key Biscayne CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.71%
Cash-on-Cash
-3.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93