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101 Northwest 21st Street

Ramiro Fernandez Purchases Single Family Estate From Robin Rhodes For $1.15M In Homestead
SOLDSingle Family Residence

Ramiro Fernandez Purchases Single Family Estate From Robin Rhodes For $1.15M In Homestead

101 Northwest 21st Street

$1,150,000

$145/SF

Building Size

7,883 SF

Asset Type

Single Family Residence

Closing

Feb 8, 2025

AI

This transaction involved a single-family property located at 101 Northwest 21st Street in the Homestead market. The sale price was $1,150,000 for a property that spans approximately 7,883 square feet. The estate sits on about 2.25 acres of land.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $1,150,000
  • Square Footage: 7,883 SF
  • Price Per Square Foot: $145
  • Buyer: Ramiro Fernandez
  • Seller: Robin Rhodes
  • Broker: Sam Mekras - MSP Group
  • Transaction Date: 02/08/2025

Sam Mekras of MSP Group represented the seller in this transaction. The property is noted as the former estate of the Mayor of Homestead, FL, highlighting its significance in the local area. Interested parties in real estate transactions in South Florida can contact Sam Mekras for further assistance.

Players

Sam Mekras

MSP Group

Broker

$101.8M

vol

33 deals

Broker

Homestead Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93