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3521 Bayshore Villas Drive,...

One Sotheby's International Realty Sells $2.86M SFR In Coconut Grove
SOLDSingle Family Residence

One Sotheby's International Realty Sells $2.86M SFR In Coconut Grove

3521 Bayshore Villas Drive, Miami, FL 33133, USA

$2,860,000

$461/SF

Building Size

6,200 SF

Asset Type

Single Family Residence

Closing

Apr 26, 2020

AI

Located at 3521 Bayshore Villas Dr in Coconut Grove, this single-family residential property has recently been sold. The transaction took place on April 26, 2021, with a sale price of $2,860,000. This sale set a record for the highest sale in the past five years at Bayshore Villas. With a total area of 6,200 square feet, this property is characterized by its spaciousness and comfort. The price per square foot comes out to be $461, reflecting the value of the property.

Summary of transaction details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $2,860,000
  • Date: April 26, 2021
  • Address: 3521 Bayshore Villas Dr, Coconut Grove
  • Market: Coconut Grove

The sale was facilitated by Monica Sarmiento and Ivan Ramirez of One Sotheby's International Realty. They represented the parties involved in this transaction, showcasing their expertise in the Coconut Grove market. Monica Sarmiento and Ivan Ramirez have a proven track record of successful deals in the area, reaffirming their reputation as top-notch real estate professionals.

Overall, this sale at Bayshore Villas in Coconut Grove demonstrates the thriving real estate market in the area. The successful transaction, with Monica Sarmiento and Ivan Ramirez as the brokers, highlights the demand for high-quality properties in the community.

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Players

Monica Sarmiento

Sotheby's International Realty

Broker

$8.9M

vol

2 deals

Broker

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

5.55%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93