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Coral Gables, Florida, Unit...

Nicole Martin & Anthony Lopez Acquire Coral Gables Single Family Property For $21.5M
SOLDMultiFamily

Nicole Martin & Anthony Lopez Acquire Coral Gables Single Family Property For $21.5M

Coral Gables, Florida, United States

$21,500,000

$2,150,000/SF

Building Size

10 SF

Asset Type

MultiFamily

Closing

Nov 7, 2022

AI

The Lopez family, known for their appearance on the TV show "Real Housewives," recently purchased a waterfront estate in Coral Gables. The property, located on an expansive 1-acre lot, was sold for a staggering $21,500,000. The single-family home spans over 10,860 square feet and boasts a price per square foot of $1,980.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $21,500,000
  • Market: Coral Gables
  • Acres: 1

Joining forces in this high-profile purchase are buyers Anthony Lopez and Dr. Nicole Martin. They were represented by their broker, Dennis Carvajal from Marin, Eljaiek, Lopez & Martinez. On the other side of the deal, the sellers, Mercedes and Rodolfo Hernandez, were assisted by Saddy Abaunza Delgado from One Sotheby's International Realty.

It is worth noting that the Lopez family's decision to acquire this waterfront estate is accompanied by plans for renovations. Additionally, in a separate transaction, they sold their nearby mansion to Jeff Bezos' parents, adding to their real estate endeavors.

Players

Saddy Abaunza Delgado

Sotheby's International Realty

Broker

$159.8M

vol

11 deals

Broker

Anthony M Lopez

Buyer

$87M

vol

3 deals

Buyer

Rodolfo Hernandez

Seller

$43M

vol

2 deals

Seller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93