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

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SOLD
$28,900,000

Florida

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Single Family Residence18,359 SF
Sold 04/12/2021
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Property Image
SOLD

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

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

See Similar Deals
Single Family Residence18,359 SF
Sold 04/12/2021
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,574
Total Square Footage:18,359 SF
Transaction Type:Sale

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

Brett Eaglstein
Compass
21 deals$154.9M volume
BROKER

Constantin Gorges
Compass
2 deals$36.7M volume
BROKER

Details

SOLD
IMAGE: Brett Eaglstein, William McKinley Osborne, Constantin Gorges & Chad Carroll DATE: 04/12/2021 ADDRESS: 4 Tahiti Beach Island Road MARKET: Coral Gables ASSET TYPE: Single Family BUYER: Karen Hall Bechtel; William McKinley Osborne, III - Meals for Heroes LLC SELLER: 4 Indian Creek LLC BROKERS: Brett Eaglstein, Chad Carroll & Constantin Gorges - Compass PRICE: $28,900,000 SF: 18,359 ~ PPSF: $1,574 ACRES: 1.4 ~ PPA: $20,642,857

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

$1,541,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$102,675.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,000.74
Annual Debt Service$1,644,008.93