Updated Oct 29, 2024
Gregory A. McLaughlin Acquires Fort Lauderdale SFR From Trust Of Dave & I. Lorraine Thomas @Wendys For $7.3M
1 Bay Colony Drive, Fort Lauderdale, FL, USA
$7,300,000
$542/SF
Building Size
13,446 SF
Asset Type
Single Family Residence
Closing
Feb 26, 2020
About this deal
AI
A single-family home located at 1 Bay Colony Drive in Fort Lauderdale has been sold for a price of $7,300,000. The property spans an area of 13,446 square feet, resulting in a price per square foot of $542. The transaction took place on February 27, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,300,000
- Address: 1 Bay Colony Drive, Fort Lauderdale
- Market: Fort Lauderdale
- Square Footage: 13,446
- Price per Square Foot: $542
- Buyer: Gregory A. McLaughlin
- Seller: Trust of Dave & I. Lorraine Thomas
- Seller's Affiliation: @Wendys
The sale of this property was facilitated by Janette Pearson of Woods & Associates Realty.
On the Map
$7,300,000
$542/SF
Single Family Residence
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Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $542 per square foot on a published $7.3M for 13,446 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93