Origin Residences Sells Four Condos For $11.95M With David Siddons And Stefania Cambarau As Buyer's Reps
9760 West Bay Harbor Drive, 9760 West Bay Harbor Drive, 9760 West Bay Harbor Drive & 9760 West Bay Harbor Drive
$11,946,000
$1,718/SF
Building Size
6,952 SF
Asset Type
Condo
Closing
Jun 22, 2025
AI
The asset involved in this closed transaction is a condo located at 9760 West Bay Harbor Drive, encompassing units 503, 304, 703, and 602 within the Bay Harbor Islands market. The total sale price for these properties amounted to $11,946,000, with a combined square footage of 7,492, resulting in a price per square foot of $1,594.51.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,946,000
- Address: 9760 West Bay Harbor Drive Unit 503, 304, 703 & 602
- Market: Bay Harbor Islands
- Square Footage: 7,492
- Price per Square Foot: $1,594.51
- Seller: Origin Residences
- Buyer’s Representatives: David Siddons & Stefania Cambarau - Douglas Elliman; Matias Alem - BRG International; Andres Campos - Miami New Realty
This transaction signifies the continued demand for waterfront living, highlighted by the unique design and elegance of the residences at Origin. The latest sales have contributed to over 80% of the units being sold, with the most recent buyers including representatives from multiple real estate agencies who played crucial roles in the closing of these transactions.
Players
Bay Harbor Islands 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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93