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9760 West Bay Harbor Drive

Origin Residences Sells Four Condos For $11.95M With David Siddons And Stefania Cambarau As Buyer's Reps
SOLDCondo

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:

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

Matias Alem

BRG International

Broker

$224.3M

vol

33 deals

Broker
BRG International
BRG InternationalBrokerage

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