David Guetta To Acquire $69M Waterfront Mansion In Indian Creek Island
37 Indian Creek Island Rd Indian Creek, Fl 33154, Usa
$69,000,000
$4,312/SF
Building Size
16,000 SF
Asset Type
Single Family Residence
Closing
Aug 2, 2023
AI
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.
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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93