Michael Saunders & Company Represents $17.5M Sarasota Single Family Sale On Hillview Drive
1423 Hillview Drive, Sarasota, Florida 34239, United States
$17,500,000
$1,458/SF
Building Size
12,000 SF
Asset Type
Single Family Residence
Closing
Jul 28, 2022
AI
Two single-family properties located at 1423 & 1435 Hillview Drive in Sarasota have been sold for a total of $17,500,000. The properties, situated on approximately 2 acres of land, feature a combined square footage of 12,000. The sale price translates to a price per square foot of $1,458.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $17,500,000
- Address: 1423 & 1435 Hillview Drive, Sarasota
- Market: Sarasota
- Asset Type: Single Family
- Acreage: 2 acres
The sale was facilitated through Linda Driggs and Kim Ogilvie of Michael Saunders & Company, who represented the buyer and the seller in the transaction.
Players
Sarasota 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93