Updated Oct 28, 2024
Frank Mata Acquires SFR In Coral Gables For $12.8M
280 Arvida Parkway, Coral Gables, FL, USA
$12,800,000
$1,656/SF
Building Size
7,728 SF
Asset Type
Single Family Residence
Closing
May 3, 2021
About this deal
AI
A single-family residential property located at 280 Arvida Parkway in Coral Gables has been sold for a price of $12,800,000. The property spans across 7,728 square feet, resulting in a price per square foot of $1,656. The sale took place on May 4, 2021, with Victor A. Ruiz and Carlos Calil capturing an image of the property.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $12,800,000
- Address: 280 Arvida Parkway
- Market: Coral Gables
The buyer of the property was Frank Mata, while Richard Schulze, acting as the Trustee of the RAA Trust, served as the seller. Representing the buyer in the deal was Carlos Calil, whose handle is @CarlosCalil. On the other hand, Victor A. Ruiz, known as @ICanVic, was the seller's representative.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.7K per square foot on a published $12.8M for 7,728 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93