Updated Oct 29, 2024
500AVD LLC Acquires Coral Gables SFR From Mary, Howard Frank Of Carnival Corporation For $20M
500 Arvida Pkwy, Miami, FL 33156, USA
$20,000,000
$1,490/SF
Building Size
13,418 SF
Asset Type
Single Family Residence
Closing
Oct 13, 2020
About this deal
AI
The SFR located at 500 Arvida Parkway in Coral Gables has been sold for a price of $20,000,000. The property spans across an area of 13,418 square feet with a price per square foot of $1,490. The transaction took place on October 14, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $20,000,000
- Address: 500 Arvida Parkway
- Market: Coral Gables
- Square Footage: 13,418
- Price per Square Foot: $1,490
The buyer of the property is 500AVD LLC, while the seller is Mary and Howard Frank, who is associated with Carnival Corporation. The broker who facilitated this transaction is Judy Zeder from Coldwell Banker Realty.
Players
Miami 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93