Updated Dec 20, 2023
Compass Facilitates $15M Sale Of Coconut Grove SFR On S Bayshore Drive
1899 South Bayshore Drive, Northeast Coconut Grove, Miami, FL, USA
$15,000,000
$1,392/SF
Building Size
10,776 SF
Asset Type
Single Family Residence
Closing
Oct 14, 2021
About this deal
AI
Located at 1899 S Bayshore Drive in Coconut Grove, this single-family residential property was recently sold in a closed transaction. The property features a spacious 10,776 square feet of living space. The sale took place on October 14, 2021, with a sale price of $15,000,000. The property was originally listed for $14,000,000, indicating a successful negotiation.
Summary of Transaction Details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $15,000,000
- Address: 1899 S Bayshore Drive, Coconut Grove
- Market: Coconut Grove
The sale of this property was facilitated by Angel Nicolas of Compass. As the broker involved in the transaction, Angel Nicolas represented the interests of the buyer or seller, ensuring a successful deal. The property's selling price translates to an approximate price per square foot of $1,392.
On the Map
$15,000,000
$1,392/SF
Single Family Residence
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Miami 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93