Updated Dec 21, 2023
Coldwell Banker Realty Sells Longboat Key SFR For $6.8M With Buyer's Rep Michael Saunders & Company
2837 Gulf of Mexico Dr, Longboat Key, FL 34228, USA
$6,800,000
$1,336/SF
Building Size
5,089 SF
Asset Type
Single Family Residence
Closing
Aug 24, 2020
About this deal
AI
Situated in Longboat Key, the property located at 2837 Gulf OF Mexico Dr recently changed ownership in a closed transaction. With a spacious layout of 5,089 square feet, this single-family residence (SFR) offers comfortable living spaces. The property was sold for an impressive price of $6,800,000, resulting in a price per square foot (PPSF) of $1,336.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6,800,000
- Address: 2837 Gulf OF Mexico Dr
- Market: Longboat Key
Judy Kepecz-Hays from Coldwell Banker Realty represented the seller in this transaction, while Sylvia Zimmerman from Michael Saunders & Company served as the buyer's representative. With their expertise and guidance, the deal successfully concluded, allowing the property to change hands at the agreed-upon price.
Players
Longboat Key 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93