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92157 Overseas Hwy Tavernie...

Updated Sep 9, 2024

RE/MAX Advance Realty's All Keys Commercial Team Brokers $5.2M Off-Market Sale Of Driftwood Trailer Park In Tavernier
SOLDMobile Home

RE/MAX Advance Realty's All Keys Commercial Team Brokers $5.2M Off-Market Sale Of Driftwood Trailer Park In Tavernier

92157 Overseas Hwy Tavernier, FL 33070, USA

$5,200,000

$52/SF

Building Size

99,317 SF

Asset Type

Mobile Home

Closing

Jul 8, 2023

About this deal

AI

The off-market sale of Driftwood Trailer Park in Tavernier, Florida, was brokered by RE/MAX Advance Realty's All Keys Commercial Team for a price of $5.2 million. This waterfront mobile home community, known for its 36 units and boat dockage, is a highly sought-after landmark in the Florida Keys market. Situated on 0.44 acres, the property offers residents a serene and picturesque setting.

Summary of Transaction Details

  • Property Type: Mobile Home
  • Transaction Amount: $5,200,000
  • Address: 92157 Overseas Highway, Tavernier
  • Market: Tavernier
  • Asset Type: Mobile Home
  • Acres: 0.44

Curtis Skomp, Greg Dully, and Rosanne Dully from the All Keys Commercial Team at RE/MAX Advance Realty were the brokers responsible for facilitating this transaction. Their expertise and industry knowledge played a significant role in successfully closing the deal. The buyers can now enjoy the benefits of owning a mobile home in a prime waterfront location.

Players

Curtis Skomp

Re/Max

Broker

$11M

vol

2 deals

Broker

Miami Mobile Home Market Snapshot

Boundary boundary · Mobile Home · Sale transactions

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Deal FAQ

About $52 per square foot on a published $5.2M for 99,317 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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