Adriana Silver Of Tomlin St Cyr Real Estate Services Sells Davis Islands Waterfront Lot For $10.3M
SOLD
$10,300,000
Florida
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SOLD
Adriana Silver Of Tomlin St Cyr Real Estate Services Sells Davis Islands Waterfront Lot For $10.3M
210 Blanca Avenue
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Sold
Summary
FLORIDA
Asset Type:Land
Transaction Type:Sale
An exclusive Waterfront Lot on Davis Islands has sold for $10,300,000. The vacant residential lot, located at 210 Blanca Avenue in the Davis Islands market of Tampa, offers premium unobstructed waterfront views. Situated on a 75-foot wide by 180-foot deep site, this prime building lot provides a desirable opportunity for residential development.
Summary of transaction details
- Property Type: Vacant Lot Residential
- Transaction Amount: $10,300,000
- Date: 01/16/2024
- Address: 210 Blanca Avenue, Davis Islands, Tampa
- Market: Davis Islands, Tampa
The sale was facilitated by Adriana Silver of Tomlin St Cyr Real Estate Services, representing the buyer and seller in the transaction. Adriana Silver's expertise in the market and her role as a broker allowed for a successful and smooth negotiation.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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