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
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