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Chad Carroll's Team Sells Single Family Home In Aventura For $8.6M

Property Image
SOLD
$8,650,000

Florida

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Single Family Residence4,803 SF
Sold 10/31/2022
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Property Image
SOLD

Chad Carroll's Team Sells Single Family Home In Aventura For $8.6M

3911 Island Estates Drive, Aventura, Florida 33160, United States

See Similar Deals
Single Family Residence4,803 SF
Sold 10/31/2022
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,801
Total Square Footage:4,803 SF
Transaction Type:Sale

The single-family property located at 3911 Island Estates Drive in Aventura was recently sold for a price of $8,650,000. The property spans across 4,803 square feet, resulting in a price per square foot of $1,801.

Summary of Transaction Details:

  • Property Type: Single Family
  • Transaction Amount: $8,650,000
  • Square Footage: 4,803
  • Price per Square Foot: $1,801
  • Address: 3911 Island Estates Drive, Aventura

The seller of the property was Adam Gordon, represented by Fort Lauderdale Collection. The buyer was assisted by Ryan Mendell from Maxwell E Realty Inc. Chad Carroll from The Carroll Group, Compass served as the seller's representative in the transaction.

Players

Chad Carroll
84 deals$1.7B volume(305) 400-9507
BROKER

Ryan Mendell
Maxwelle Real Estate
15 deals$305.3M volume(305) 804-5424
BROKER

Adam Gordon
14 deals$736.8M volume
SELLER

Details

SOLD
IMAGE: Chad Carroll DATE: 10/31/2022 ADDRESS: 3911 Island Estates Drive MARKET: Aventura ASSET TYPE: Single Family SELLER: Adam Gordon - Fort Lauderdale Collection (@FtLauderdaleCollection) BUYER'S REP: Ryan Mendell - Maxwell E Realty Inc SELLER'S REP: Chad Carroll (@ChadCarroll) - The Carroll Group (@TheCarrollGroup) - Compass (@Compass) (@CompassFl) SALE PRICE: $8,650,000 SF: 4,803 ~ PPSF: $1,801

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$461,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,731.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,005.41
Annual Debt Service$492,064.96