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3488 Saint Gaudens Road, Mi...

Isaac Perez Sells Coconut Grove Property For Record-Breaking $65M With Buyer's Rep Tal Alexander, Oren Alexander, And Seller's Rep Jorge Uribe
SOLDSingle Family Residence

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

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.

Players

Jorge Uribe

Sotheby's International Realty

Broker

$187.4M

vol

11 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93