Elisabeth Gazay & Marine Lavaud Of Douglas Elliman Represent Buyer In Coral Gables Sale For $3.5M
1203 Alhambra Circle
$3,500,000
$1,113/SF
Building Size
3,142 SF
Asset Type
Single Family Residence
Closing
Mar 10, 2025
AI
This single family property, located at 1203 Alhambra Circle in Coral Gables, was sold for $3,500,000. The asset encompasses a total of 3,142 square feet, resulting in a price per square foot of $1,113.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,500,000
- Address: 1203 Alhambra Circle
- Market: Coral Gables
- Square Footage: 3,142
- Price Per Square Foot: $1,113
- Buyer's Representative: Elisabeth Gazay & Marine Lavaud - Douglas Elliman
This property is historically significant, having been built in 1924 by architect Walter DeGarmo, who was commissioned by George Merrick. DeGarmo was instrumental in the Mediterranean revival style in Coral Gables and also designed Miami City Hall, an art-deco structure in Coconut Grove.
Players
Coral Gables 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93