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400 Palm Drive, Islamorada,...

Lazaro Rolando Martinez & Marialina Martinez Acquire SFR In Islamorada For $2.35M
SOLDSingle Family Residence

Lazaro Rolando Martinez & Marialina Martinez Acquire SFR In Islamorada For $2.35M

400 Palm Drive, Islamorada, Florida 33036, United States

$2,350,000

$899/SF

Building Size

2,613 SF

Asset Type

Single Family Residence

Closing

Jun 16, 2022

AI

A single-family home located at 400 Palm Dr in Islamorada was recently sold for $2,350,000. The property spans 2,613 square feet, resulting in a price per square foot of $899. The transaction took place on June 17, 2022.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $2,350,000
  • Address: 400 Palm Dr, Islamorada
  • Market: Islamorada

The buyers of the property are Lazaro Rolando Martinez and Marialina Martinez. They were represented by Alexander Pinero from Pine River Realty. The seller of the property is Steven Haase. Alexander Pinero facilitated the deal as the buyer's representative in collaboration with Pine River Realty.

Players

Alexander Pinero

Broker

$30.7M

vol

8 deals

Broker

Islamorada 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93