SOLDLand
Premier Sotheby's & Pfeifer Realty Assist $3.5M Land Sale In Sanibel
4171 West Gulf Drive
$3,500,000
Building Size
—
Asset Type
Land
Closing
Feb 8, 2024
About this deal
AI
A parcel of land spanning 0.86 acres located at 4171 West Gulf Drive in Sanibel was sold for $3.5 million.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,500,000
- Address: 4171 West Gulf Drive
- Market: Sanibel
- Seller's Representative: Jeffrey Burns & Tiffany Burns - Premier Sotheby's International Realty
- Broker: Jennifer McSorley - Pfeifer Realty Group LLC
The transaction was facilitated by Jennifer McSorley from Pfeifer Realty Group LLC, with Jeffrey Burns and Tiffany Burns representing the seller through Premier Sotheby's International Realty.
On the Map
$3,500,000
Land
View full map
Players
Sanibel Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Sanibel land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93