Alberto Arciniega Purchases Condo From Ugo Colombo Of CMC Group For $8.68 Million In Miami
4 Grove Isle Drive
$8,682,500
Building Size
—
Asset Type
Condo
Closing
Jan 7, 2026
About this deal
AI
The property involved in this transaction is a condo located at 4 Grove Isle Drive in Miami. The sale price for the asset was $8,682,500. The transaction reflects strong demand for luxury properties in the Miami market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,682,500
- Buyer: Alberto Arciniega
- Seller: Ugo Colombo - CMC Group
- Sale Date: January 7, 2026
Alberto Arciniega acquired the condo from Ugo Colombo, who is associated with CMC Group. This transaction aligns with the ongoing trend of significant interest in luxury real estate within Miami, indicating a competitive market environment.
On the Map
$8,682,500
Condo
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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
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93