Updated Sep 9, 2024
Douglas Elliman Sells SFR In Coral Gables For $20M
115 Arvida Pkwy, Coral Gables, FL 33156, USA
$20,000,000
$1,359/SF
Building Size
14,713 SF
Asset Type
Single Family Residence
Closing
Aug 10, 2020
About this deal
AI
A single-family residential property located at 115 Arvida Pkwy in Coral Gables has been sold for a total of $20,000,000. The property spans a total of 14,713 square feet, resulting in a price per square foot of $1,359.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $20,000,000
- Market: Coral Gables
- Brokers: @OrenAlexander, @TalAlexander & @Isaac_Lustgarten – @AlexanderTeam – Douglas Elliman
The deal was facilitated by the brokerage team consisting of @OrenAlexander, @TalAlexander, and @Isaac_Lustgarten from the Alexander Team at Douglas Elliman. These brokers played a pivotal role in representing the involved parties in the transaction.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $20M for 14,713 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93