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1899 South Bayshore Drive, ...

Compass Facilitates $15M Sale Of Coconut Grove SFR On S Bayshore Drive
SOLDSingle Family Residence

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

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.

Players

Angel Nicolas

Serhant

Broker

$158M

vol

18 deals

Broker

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