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
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