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24 Tahiti Beach Island Rd, ...

Raymond Gonzalez Of MCT Express Acquires SFR In Coral Gables For $10.3M
SOLDSingle Family Residence

Raymond Gonzalez Of MCT Express Acquires SFR In Coral Gables For $10.3M

24 Tahiti Beach Island Rd, Coral Gables, FL 33143, USA

$10,300,000

$661/SF

Building Size

15,563 SF

Asset Type

Single Family Residence

Closing

Oct 1, 2020

AI

24 Tahiti Beach Island Road, located in Coral Gables, was recently sold in a closed property transaction. The single-family residence spans 15,563 square feet and was sold for a price of $10,300,000, resulting in a price per square foot of $662. The transaction took place on October 2, 2020.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $10,300,000
  • Market: Coral Gables
  • Buyer: Raymond Gonzalez – MCT Express
  • Seller: Manuel Enriquez
  • Buyer's Representative: Michael A. Diaz – Miami Brokers Group
  • Seller's Representatives: Hilda Jacobson & Nora Gonzalez

The buyer in this transaction was Raymond Gonzalez, representing MCT Express. The seller, Manuel Enriquez, successfully closed the deal. Michael A. Diaz from Miami Brokers Group served as the buyer's representative, while Hilda Jacobson and Nora Gonzalez represented the seller.

Players

Raymond Gonzalez

Buyer

$16.8M

vol

3 deals

Buyer

Miami 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

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93