Updated Jul 22, 2026
SOLDDevelopment Site
Chris Rodriguez Of Epic Developments Acquires Development Site In Miami For $4.8M
1953 Tigertail Avenue
$4,800,000
Building Size
—
Asset Type
Development Site
Closing
Jul 3, 2026
About this deal
AI
The development site located at 1953 Tigertail Avenue in Coconut Grove has been sold for $4,800,000. The lot encompasses 16,386 square feet with a price per square foot of $292.95. The property has plans approved for a buildable area of 12,500 square feet and an under air square footage of 9,500.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,800,000
- Lot Square Footage: 16,386
- Price Per Square Foot: $292.95
- Buildable Square Footage: 12,500
- Under Air Square Footage: 9,500
- Buyer: Chris Rodriguez - Epic Developments
- Seller: Agustin Sierra
- Buyer’s Representative: Waqaas Merchant - Epic Capital Realty
- Lender: Zap Capital
Waqaas Merchant from Epic Capital Realty represented the buyer, Chris Rodriguez, in this transaction. The deal ensures Epic Developments will possess a prominent homesite with fully approved plans for a luxury residence aimed at redefining modern architecture in the area.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93