Adriana Silver Of Tomlin St Cyr Real Estate Services Sells Davis Islands Waterfront Lot For $10.3M
210 Blanca Avenue
$10,300,000
Building Size
—
Asset Type
Land
Closing
Jan 16, 2024
AI
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.
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93