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280 Arvida Parkway, Coral G...

Frank Mata Acquires SFR In Coral Gables For $12.8M
SOLDSingle Family Residence

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

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

Carlos Calil

Broker

$12.8M

vol

1 deal

Broker

Frank Mata

All Glass Production

Buyer

$12.8M

vol

2 deals

Buyer

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

1.24%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93