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42 Ladoga Ave Tampa, FL 336...

Sprawling Davis Islands Waterfront Sells For $17.85M With Buyer's Rep Heidi Odio & Seller's Rep Mary Beth Byrd
SOLDSingle Family Residence

Sprawling Davis Islands Waterfront Sells For $17.85M With Buyer's Rep Heidi Odio & Seller's Rep Mary Beth Byrd

42 Ladoga Ave Tampa, FL 33606, USA

$17,850,000

Building Size

Asset Type

Single Family Residence

Closing

Aug 15, 2023

AI

A sprawling waterfront property on Davis Islands has been sold for $17.85 million. The property encompasses 1.45 acres and includes a historic home and three buildable lots. This transaction achieved a price of $1,975 per square foot, which is close to the record price of $2,137 per square foot set in 2022.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $17,850,000
  • Address: 42 Ladoga Avenue
  • Market: Tampa
  • Acres: 1.45

The sale of the property on Davis Islands was facilitated by two real estate companies. Compass represented the buyer, with Heidi Odio and Kerry Lather serving as the buyer's representatives. On the seller's side, Mary Beth Byrd, Leslie Minder, and Dina Sierra Smith from Smith & Associates Real Estate acted as the seller's representatives.

Players

Leslie Minder

Smith & Associates Real Estate

Broker

$22.5M

vol

2 deals

Broker

Tampa 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

0.89%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93