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Barbara May & Ryan Ackerman's Harbor Acres Single Family Sells For $15.5M

Property Image
SOLD
$15,500,000
Ryan Ackerman
Barbara May

Florida

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Single Family Residence8,500 SF
Sold 09/13/2022
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Property Image
SOLD

Barbara May & Ryan Ackerman's Harbor Acres Single Family Sells For $15.5M

1309 Vista Drive, Sarasota, Florida 34239, United States

See Similar Deals
Single Family Residence8,500 SF
Sold 09/13/2022
Ryan Ackerman
Barbara May
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,823
Total Square Footage:8,500 SF
Transaction Type:Sale

A single-family home located at 1309 Vista Drive in Harbor Acres, Sarasota, has been sold for $15,500,000. The property spans 8,500 square feet, resulting in a price per square foot of $1,824. The transaction took place on September 13, 2022.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $15,500,000
  • Address: 1309 Vista Drive
  • Market: Harbor Acres, Sarasota

The buyer's representative in this deal was Barbara May from Michael Saunders & Co., while the seller was represented by Ryan Ackerman from Ackerman Group - Coldwell Banker Realty.

Players

Barbara May
Michael Saunders & Company
Barbara May
1 deal$15.5M volume
BROKER
Ryan Ackerman
Coldwell Banker
Ryan Ackerman
1 deal$15.5M volume
BROKER

Details

SOLD
IMAGE: Barbara May & Ryan Ackerman DATE: 09/13/2022 ADDRESS: 1309 Vista Drive MARKET: Harbor Acres, Sarasota ASSET TYPE: Single Family BUYER'S REP: Barbara May - Michael Saunders & Co. (@MichaelSaundersRE) SELLER'S REP: Ryan Ackerman - Ackerman Group (@TheAckermanGroup) - Coldwell Banker Realty (@ColdwellBanker) SALE PRICE: $15,500,000 SF: 8,500 ~ PPSF: $1,824

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$826,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,068.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,477.91
Annual Debt Service$881,734.89