facebook
Traded Co logo
Submit
Daily limit: 0/10

Fort Myers SFR At 103 Montrose Drive Sells For Record-Breaking Price Of $8.95M

Property Image
SOLD
$8,950,000
Adnan Dedic
Cindy Cyrus

Florida

See Similar Deals
Single Family Residence6,203 SF
Sold 07/18/2023
the dealplayerscompscontact
Property Image
SOLD

Fort Myers SFR At 103 Montrose Drive Sells For Record-Breaking Price Of $8.95M

103 Montrose Dr Fort Myers, Fl 33919, Usa

See Similar Deals
Single Family Residence6,203 SF
Sold 07/18/2023
Adnan Dedic
Cindy Cyrus
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,442
Total Square Footage:6,203 SF
Transaction Type:Sale

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

Adnan Dedic
Compass
Adnan Dedic
2 deals$16.5M volume(941) 726-2917
BROKER
Cindy Cyrus
Compass
Cindy Cyrus
1 deal$9M volume(239) 290-4292
BROKER

Details

SOLD
IMAGE: Adnan Dedic & Cindy Cyrus DATE: 07/18/2023 ADDRESS: 103 Montrose Drive MARKET: Fort Myers ASSET TYPE: SFR BROKERS: Adnan Dedic & Cindy Cyrus - Compass SALE PRICE: $8,950,000 SF: 6,203 ~ PPSF: $1,443 NOTE: A Fort Myers waterfront home at 103 Montrose Drive has sold for a record-breaking price, becoming the highest-priced sale in the area in over a decade. The opulent residence features luxurious amenities, including a zero-edge pool, an expansive entertainment deck, and a 271 ft. dock with Gulf access.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$477,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,797.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,427.57
Annual Debt Service$509,130.79