Updated Sep 9, 2024
Record-Breaking Sale Sets New Benchmark In Royal Harbor - $10M Tarpon Rd Property Sold
2655 Tarpon Rd Naples, FL 34102, USA
$10,000,000
$3,216/SF
Building Size
3,109 SF
Asset Type
Single Family Residence
Closing
Jul 11, 2023
About this deal
AI
The record-breaking sale of a property at 2655 Tarpon Road in Royal Harbor, Naples has set a new benchmark in the area. The property, sold by Sherry Irvin and Virginia Amoroso of the Irvin Group and Premier Sotheby’s International Realty, achieved a sale price of $10 million. This single-family home offers a total square footage of 3,109, equivalent to a price per square foot of $3,216. Set on a spacious lot of 0.51 acres, this property boasts an enviable location in the desirable Royal Harbor neighborhood.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $10,000,000
- Square Footage: 3,109
- Price Per Square Foot: $3,216
- Address: 2655 Tarpon Road, Naples
- Market: Naples
Randall Porter from Paradise Realty of Naples LLC represented the buyer in this transaction. On the seller's side, Sherry Irvin and Virginia Amoroso, both from Premier Sotheby’s International Realty, played instrumental roles in achieving this record-breaking sale. It is undeniable that their expertise and negotiation skills contributed to the success of this deal.
Players
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93