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430 Grand Bay Drive

Jorge Fernandez Sells Condo On Grand Bay Drive In Key Biscayne For $5.2M
SOLDCondo

Jorge Fernandez Sells Condo On Grand Bay Drive In Key Biscayne For $5.2M

430 Grand Bay Drive

$5,200,000

$1,316/SF

Building Size

3,950 SF

Asset Type

Condo

Closing

Feb 22, 2023

AI

Located at 430 Grand Bay Drive in Key Biscayne, Florida, this recently closed condominium sale is definitely worth noting. With a spacious area of 3,950 square feet, the property boasts a sale price of $5,200,000, equating to a price per square foot of $1,316.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,200,000
  • Square Footage: 3,950
  • Sale Price per Square Foot: $1,316
  • Address: 430 Grand Bay Drive, Key Biscayne, Florida

In this transaction, the seller's representative was Jorge Fernandez from Compass. His expertise and guidance likely played a crucial role in the successful sale of this impressive condominium.

Players

Jorge Fernandez

Serhant

Broker

$9.7M

vol

2 deals

Broker

Market 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93