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10640 Lakeside Drive

White Creek Acquires Development Site At 10640 Lakeside Drive From Karla Dascal For $11.5M
SOLDDevelopment Site

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

Eddie Enis

Broker

$66.3M

vol

10 deals

Broker
WC
White CreekBuyer

Karla Dascal

Seller

$11.5M

vol

1 deal

Seller

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