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Javier Torrens And Maria T. Diz Acquire Single Family Home At 442 Palm Drive For $3.9M

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SOLD
$3,900,000

Florida

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Single Family Residence2,058 SF
Sold 09/16/2025
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Property Image
SOLD

Javier Torrens And Maria T. Diz Acquire Single Family Home At 442 Palm Drive For $3.9M

442 Palm Drive

See Similar Deals
Single Family Residence2,058 SF
Sold 09/16/2025
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,895
Total Square Footage:2,058 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 442 Palm Drive in Islamorada. It is classified as a single-family home with a sale price of $3,900,000. The property encompasses a total square footage of 2,058, translating to a price per square foot of $1,895.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $3,900,000
  • Square Footage: 2,058
  • Price Per Square Foot: $1,895
  • Buyer: Javier Torrens & Maria T. Diz
  • Buyer’s Representative: Alexander Pinero & Dominic Rivera - Pine River Realty
  • Market: Islamorada

Alexander Pinero and Dominic Rivera of Pine River Realty represented the buyers in this transaction. Notably, the property sold for land value and is expected to be developed into a bay front estate. Pine River Realty has achieved recognition for holding the three highest sales in Safety Harbor.

Players

8 deals$30.7M volume
BROKER

Dominic Rivera
9 deals$31M volume
BROKER

Details

SOLD
IMAGE: Alexander Pinero & Dominic Rivera DATE: 09/16/2025 ADDRESS: 442 Palm Drive MARKET: Islamorada ASSET TYPE: Single Family BUYER: Javier Torrens & Maria T. Diz BUYER'S REP: Alexander Pinero (@Pinero_Alexander_) & Dominic Rivera - Pine River Realty (@PineRiverRealty) SALE PRICE: $3,900,000 SF: 2,058 ~ PPSF: $1,895 NOTE FROM BUYER'S REP: 442 Palm Dr, Islamorada sold for land value at $3,900,000 and soon to become a bay front estate. Pine River Realty holds the three highest sales in Safety Harbor, setting the standard in record-breaking.

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

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88