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8241 Southwest 58th Street

Louis Angulo Of Atlantic Miami Boatlifts Acquires Development Site From Luis Garcia For $1.8M
SOLDDevelopment Site

Louis Angulo Of Atlantic Miami Boatlifts Acquires Development Site From Luis Garcia For $1.8M

8241 Southwest 58th Street

$1,800,000

Building Size

Asset Type

Development Site

Closing

Apr 19, 2026

AI

The property involved in the transaction is a development site located at 8241 Southwest 58th Street in Olympia Heights. The sale was finalized with a transaction amount of $1,800,000, registering as the highest price achieved for a lot in this submarket. The site is positioned for a new residential project tailored to meet the luxury demands in Miami.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,800,000
  • Buyer: Louis Angulo - Atlantic Miami Boatlifts
  • Seller: Luis Garcia - Adonel Concrete
  • Broker: Ana Teresa Rodriguez - Coldwell Banker
  • Construction: Rob Vallejo - Alligator Construction

The transaction was orchestrated by Ana Teresa Rodriguez, who represented both the buyer and seller throughout the process. She successfully sourced the property off-market and achieved a 14-day closing at its true land value. Following the acquisition, ATR Concepts contributed a residential vision, complete with architectural plans, transforming the asset into a development opportunity that underscores the trend toward concept-driven land sales in Miami.

Players

Ana Teresa Rodriguez

Coldwell Banker

Broker

$170.6M

vol

21 deals

Broker
Luis Garcia

Luis Garcia

Adonel Concrete

Seller

$31.3M

vol

5 deals

Seller

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93