Steve Martinez Purchases Condo At 5 Grove Isle Drive From Ugo Colombo For $16.54M
5 Grove Isle Drive
$16,537,000
$3,165/SF
Building Size
5,225 SF
Asset Type
Condo
Closing
Dec 21, 2025
AI
The property involved in this transaction is a condominium located at 5 Grove Isle Drive Unit PH-M03 in Miami. The asset sold for a price of $16,537,000, featuring a total square footage of 5,225, which equates to a price per square foot of $3,164.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $16,537,000
- Address: 5 Grove Isle Drive Unit PH-M03
- Market: Miami
- Seller: Ugo Colombo - CMC Group
- Buyer: Steve Martinez
- Buyer’s Representative: Elizabeth Rodriguez - The Keyes Company
Ugo Colombo from CMC Group represented the seller in this transaction, while Elizabeth Rodriguez from The Keyes Company acted as the buyer's representative, facilitating the deal for Steve Martinez.
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93