White Creek Acquires Development Site At 10640 Lakeside Drive From Karla Dascal For $11.5M
10640 Lakeside Drive
$11,500,000
$183/SF
Building Size
62,726 SF
Asset Type
Development Site
Closing
May 28, 2026
AI
A development site located at 10640 Lakeside Drive in Coral Gables has been sold for $11,500,000. The site spans 62,726 square feet, translating to a price per square foot of $183. This sale has set a record as the highest-priced vacant land transaction ever recorded in Snapper Creek Lakes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,500,000
- Address: 10640 Lakeside Drive
- Market: Coral Gables
- Buyer: White Creek
- Seller: Karla Dascal
- Broker: Eddie Enis - Douglas Elliman
- Square Footage: 62,726
- Price Per Square Foot: $183
Eddie Enis represented both the Seller, Karla Dascal, and the Buyer, White Creek, in this landmark transaction. The deal exemplifies strategic marketing and expert negotiation, underscoring access to qualified luxury buyers within one of Coral Gables' prestigious gated communities.
Players
Coral Gables Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93