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
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