Mam Group Real Estate Vita LLC Acquires Condo From Ugo Colombo Of CMC Group For $8.89M
4 Grove Isle Drive
$8,887,000
Building Size
—
Asset Type
Condo
Closing
Jan 6, 2026
AI
The asset involved in this transaction is a condo located at 4 Grove Isle Drive in Miami. The sale price of the property was $8,887,000. The property has previously been acquired by Celsius Real Estate LLC for $5.32 million on December 29, 2025, from Ugo Colombo of CMC Group.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,887,000
- Buyer: Mam Group Real Estate Vita LLC
- Seller: Ugo Colombo - CMC Group
- Previous Sale Price: $5,320,000
- Previous Sale Date: December 29, 2025
The key individuals in this transaction include Mam Group Real Estate Vita LLC as the buyer and Ugo Colombo of CMC Group acting as the seller. Their roles were fundamental in facilitating this sale, reflecting their engagement in the real estate market in Miami.
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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93