Updated Sep 5, 2024
Fort Myers SFR At 103 Montrose Drive Sells For Record-Breaking Price Of $8.95M
103 Montrose Dr Fort Myers, Fl 33919, Usa
$8,950,000
$1,442/SF
Building Size
6,203 SF
Asset Type
Single Family Residence
Closing
Jul 18, 2023
About this deal
AI
A waterfront home located at 103 Montrose Drive in Fort Myers has sold for a record-breaking price, making it the highest-priced sale in the area in over a decade. The luxurious residence boasts a variety of opulent amenities, including a zero-edge pool, an expansive entertainment deck, and a 271 ft. dock with Gulf access. The property spans 6,203 square feet and was sold for $8,950,000, resulting in a price per square foot of $1,443.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $8,950,000
- Address: 103 Montrose Drive, Fort Myers
- Market: Fort Myers
- Brokers: Adnan Dedic & Cindy Cyrus - Compass
Adnan Dedic and Cindy Cyrus of Compass served as the brokers for this sale. With their expertise and guidance, the transaction was successfully completed, resulting in the highest price ever seen in the area. This achievement showcases their exceptional negotiation skills and their ability to connect buyers with their dream properties.
Players
Miami 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
1.77%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93