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4 Grove Isle Drive

Wick Family Trust Acquires Condo From Ugo Colombo CMC Group For $20.067M In Miami
SOLDCondo

Wick Family Trust Acquires Condo From Ugo Colombo CMC Group For $20.067M In Miami

4 Grove Isle Drive

$20,066,500

Building Size

Asset Type

Condo

Closing

Jan 8, 2026

AI

The property involved in the transaction is a condo located at 4 Grove Isle Drive in Miami. The sale price for this asset was $20,066,500. This transaction underscores the ongoing high-end demand within Miami's luxury condo market.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $20,066,500
  • Buyer: Wick Family Trust
  • Seller: Ugo Colombo - CMC Group
  • Date of Transaction: January 8, 2026

Ugo Colombo represented CMC Group in this transaction while Wick Family Trust was the buyer. This deal reflects the active participation of significant players in the luxury real estate market in Miami.

Players

Ugo Colombo

CMC Group

Seller

$860M

vol

22 deals

Seller
CMC Group
CMC GroupSeller

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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93