Updated Sep 9, 2024
Isaac Perez Sells Coconut Grove Property For Record-Breaking $65M With Buyer's Rep Tal Alexander, Oren Alexander, And Seller's Rep Jorge Uribe
3488 Saint Gaudens Road, Miami, FL, USA
$65,000,000
$99,085/SF
Building Size
656 SF
Asset Type
Single Family Residence
Closing
Jul 28, 2021
About this deal
AI
A 4.3-acre single-family property located at 3488 Saint Gaudens Road in Coconut Grove, Miami has been sold for a record-breaking price of $65,000,000. This transaction marks the highest recorded sale to date in Miami-Dade. The sale was finalized on July 29, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $65,000,000
- Address: 3488 Saint Gaudens Road
- Market: Coconut Grove, Miami
- Acres: 4.3
The seller of the property was Isaac Perez, while the buyer was represented by Tal Alexander, Oren Alexander, and their team at Douglas Elliman. The seller was represented by Jorge Uribe from One Sotheby's International Realty. This notable deal showcases the expertise and negotiation skills of the involved parties.
This sale highlights the strong demand and increasing prices in the Miami-Dade real estate market. With its desirable location in Coconut Grove and the significant acreage of 4.3, this property attracted attention and achieved a remarkable sale price.
On the Map
$65,000,000
$99,085/SF
Single Family Residence
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Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $99.1K per square foot on a published $65M for 656 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93