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David Guetta To Acquire $69M Waterfront Mansion In Indian Creek Island
SOLD
$69,000,000
Florida
See Similar DealsSingle Family Residence16,000 SF
Sold 08/02/2023
SOLD
David Guetta To Acquire $69M Waterfront Mansion In Indian Creek Island
37 Indian Creek Island Rd Indian Creek, Fl 33154, Usa
See Similar DealsSingle Family Residence16,000 SF
Sold 08/02/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,312
Total Square Footage:16,000 SF
Transaction Type:Sale
Under contract for $69 million, music producer David Guetta is set to purchase a waterfront mansion on Indian Creek Island. The 16,000-square-foot estate, currently under construction, boasts 12 bedrooms and 118 feet of water frontage.
Summary of transaction details
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $69,000,000
- Address: 37 Indian Creek Island Drive
- Market: Indian Creek
- Acreage: 1.2 acres
The transaction involves David Guetta as the buyer and Todd Michael Glaser as the seller. Nelson Gonzalez, from Berkshire Hathaway HomeServices EWM Realty, represents David Guetta's interests in this deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$245,142.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$327,095.20
Annual Debt Service$3,925,142.43
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