MKP Capital Management Acquires Residential Land In Coral Gables For $18M

Located in Coral Gables, the property at 8525 Old Cutler Road has been recently sold. The residential land, spanning an area of 3.51 acres, was the subject of this transaction. The sale was finalized on January 13, 2021, with a purchase price of $18,000,000. The property was initially listed for $24,000,000, resulting in a significant price reduction.

Summary of Transaction Details

• Property Type: Land (Residential)
• Transaction Amount: $18,000,000
• Address: 8525 Old Cutler Road
• Market: Coral Gables

Representing the buyer, Kristen McMahon and Patrick McMahon of MKP Capital Management acquired the property. On the other hand, Ashar Aziz acted as the seller in this deal. The transaction was facilitated by John Sandberg and Ann Nortmann of Douglas Elliman, who served as the brokers in the transaction.

With the sale of this residential land in Coral Gables, a significant transaction has taken place. The property, located at 8525 Old Cutler Road, was purchased for $18,000,000 by Kristen McMahon and Patrick McMahon of MKP Capital Management. Ashar Aziz acted as the seller in this deal. The transaction was overseen by brokers John Sandberg and Ann Nortmann from Douglas Elliman.