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2675 South Bayshore Drive

Isabel Castro Acquires Condo In Coconut Grove For $7.6M
SOLDCondo

Isabel Castro Acquires Condo In Coconut Grove For $7.6M

2675 South Bayshore Drive

$7,600,000

$1,635/SF

Building Size

4,647 SF

Asset Type

Condo

Closing

Jan 9, 2023

AI

A luxury condo located at 2675 S Bayshore Dr Unit 901-S in Coconut Grove has recently been sold for a staggering price of $7,600,000. This impressive property spans across 4,647 square feet, offering ample space for residents to enjoy. With a price per square foot of $1,635, this condo showcases the high-end nature of the Coconut Grove market.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,600,000
  • Address: 2675 S Bayshore Dr Unit 901-S
  • Market: Coconut Grove

The deal was facilitated by Isabel Castro from BHHS EWM Realty, representing the buyer, and Sandra Masis from Cervera Real Estate Inc., representing the seller. Both brokers played a crucial role in ensuring a successful transaction.

Players

Sandra Masis

Cervera Real Estate

Broker

$21.6M

vol

5 deals

Broker

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93