Updated Sep 9, 2024
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
About this deal
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
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