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4 Tahiti Beach Island Road,...

Karen Hall Bechtel Acquires 4 Tahiti Beach Island Road In Coral Gables For $28.9M
SOLDSingle Family Residence

Karen Hall Bechtel Acquires 4 Tahiti Beach Island Road In Coral Gables For $28.9M

4 Tahiti Beach Island Road, Coral Gables, FL, USA

$28,900,000

$1,574/SF

Building Size

18,359 SF

Asset Type

Single Family Residence

Closing

Apr 11, 2021

AI

The single-family property located at 4 Tahiti Beach Island Road in Coral Gables has been sold for a price of $28,900,000. The property spans a total area of 18,359 square feet and offers a price per square foot of $1,574. Situated on 1.4 acres of land, the property has a price per acre of $20,642,857.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $28,900,000
  • Square Feet: 18,359
  • Price per Square Foot: $1,574
  • Acres: 1.4
  • Price per Acre: $20,642,857

The buyer of the property is Karen Hall Bechtel, along with William McKinley Osborne, III representing Meals for Heroes LLC. The seller is 4 Indian Creek LLC. The deal was facilitated by brokers Brett Eaglstein, Chad Carroll, and Constantin Gorges from Compass.

Players

Chad Carroll

Compass

Broker

$1.7B

vol

84 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

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93