Updated Oct 28, 2024
Curtis Property Trust Acquires Coconut Grove Single Family For $48M
3500 Curtis Lane, Southwest Coconut Grove, Miami, FL, USA
$48,000,000
$4,363/SF
Building Size
11,000 SF
Asset Type
Single Family Residence
Closing
Jun 11, 2020
About this deal
AI
3500 & 3535 Curtis Lane in Coconut Grove has been sold for $48,000,000. The transaction took place on June 11, 2021. This single-family property spans across 2.2 acres and has an average price per acre of $21,818,182.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $48,000,000
- Address: 3500 & 3535 Curtis Lane, Coconut Grove
- Market: Coconut Grove
- Acres: 2.2
- Price Per Acre (PPA): $21,818,182
The buyer of the property is Curtis Property Trust, while Elizabeth Leight and Nathan Leight from Terrapin Partners acted as the sellers' representatives.
Players
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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93