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1203 Alhambra Circle

Elisabeth Gazay & Marine Lavaud Of Douglas Elliman Represent Buyer In Coral Gables Sale For $3.5M
SOLDSingle Family Residence

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

Elisabeth Gazay

One Sotheby’s International Realty

Broker

$26.1M

vol

5 deals

Broker

Coral Gables Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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