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
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