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4717 Rue Belle Mer

Eric Pfeifer Of Pfeifer Realty Group Sells 1.13-Acre Land In Sanibel For $3.2M
SOLDLand

Eric Pfeifer Of Pfeifer Realty Group Sells 1.13-Acre Land In Sanibel For $3.2M

4717 Rue Belle Mer

$3,200,000

Building Size

Asset Type

Land

Closing

Feb 22, 2024

AI

In Sanibel's real estate market, a 1.13-acre land parcel located at 4717 Rue Belle Mer has been sold for $3.2 million. The sale was managed by Eric Pfeifer of Pfeifer Realty Group.

Summary of transaction details:

The transaction at 4717 Rue Belle Mer involved Eric Pfeifer from Pfeifer Realty Group as the managing broker. This successful deal highlights the expertise and professionalism of the real estate professionals involved in facilitating the sale.

Players

Eric Pfeifer

Pfeifer Realty Group

Broker

$3.2M

vol

1 deal

Broker

Sanibel 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93