Fares Ghandour Purchases Multifamily Property At 315 Navarre Avenue For $2.45M

The asset involved in this transaction is a multifamily property located at 315 Navarre Avenue in Coral Gables. The sale price was $2,450,000 for a total of 8 units. The property spans a square footage of 9,702, resulting in a price per unit of $306,250 and a price per square foot of $252.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,450,000
• Units: 8
• Square Footage: 9,702
• Price Per Unit: $306,250
• Price Per Square Foot: $252
• Buyer: Fares Ghandour
• Seller: Daniel Vargas & Rene Vargas
• Buyer's Representatives: Lucia de Santa Ana & Esther Santamaria - Cervera Real Estate; Francisco Rodriguez - APEX Capital Realty
• Seller's Representative: Calum Weaver - CBRE
• Market: Coral Gables
• Date of Transaction: 06/30/2026

This transaction was completed through an off-market deal, which was closed all-cash in approximately 30 days. The property is described as a 1927 Spanish Mediterranean 8-unit structure located in a highly sought-after submarket near Miracle Mile. The buyer was represented by Lucia de Santa Ana, collaborating with Francisco Rodriguez and Esther Santamaria, and the seller was represented by Calum Weaver.