Rene Perez Of Florida Realty Of Miami Represents Both Buyer And Seller For $2.7M Coral Gables Condo

The property asset involved in this transaction is a condo located at 275 Giralda Avenue Unit 6C in Coral Gables. The sale price was $2,700,000, and the condo spans a total of 2,504 square feet, resulting in a price per square foot of $1,078.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $2,700,000
• Location: 275 Giralda Avenue Unit 6C, Coral Gables
• Square Footage: 2,504
• Price per Square Foot: $1,078
• Buyer & Seller's Representative: Rene Perez - Florida Realty of Miami

This transaction involved a unique arrangement where Rene Perez represented both the buyer, who utilized a 1031 exchange to defer capital gains taxes, and the seller, a foreign national adhering to FIRPTA regulations. The closing process was completed efficiently, and this sale achieved the highest price for a three-bedroom unit in the building, as well as the second-highest price for a three-bedroom condo sale in the Coral Gables area.