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Grupo Centec Sells Key Biscayne Single Family Home To Buyer's Rep Julieta Casanas Pitte For $17.4M

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SOLD
$17,400,000

Florida

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Single Family Residence10,820 SF
Sold 04/13/2021
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SOLD

Grupo Centec Sells Key Biscayne Single Family Home To Buyer's Rep Julieta Casanas Pitte For $17.4M

500 South Mashta Drive, Key Biscayne, FL, USA

See Similar Deals
Single Family Residence10,820 SF
Sold 04/13/2021
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,608
Total Square Footage:10,820 SF
Transaction Type:Sale

The single-family property located at 500 South Mashta Drive in Key Biscayne has been sold for a price of $17,400,000. The property boasts a spacious 10,820 square feet and is valued at an impressive $1,608 per square foot.

Summary of Transaction Details:

  • Property Type: Single Family
  • Transaction Amount: $17,400,000
  • Address: 500 South Mashta Drive, Key Biscayne
  • Market: Key Biscayne

The seller of the property was Alan Viergutz, represented by Grupo Centec. On the buyer's side, Julieta Casanas Pitte from Cervera Real Estate acted as the buyer's representative. The seller was represented by Lucia Marin from One Sotheby’s International Realty.

Note: No additional information is available about the property or the transaction.

Players

Juliet Casanas Pitte
1 deal$17.4M volume
BROKER

Lucia Marin
Sotheby's International Realty
1 deal$17.4M volume
BROKER

Details

SOLD
IMAGE: Lucia Marin & Julieta Casanas Pitte DATE: 04/13/2021 ADDRESS: 500 South Mashta Drive MARKET: Key Biscayne ASSET TYPE: Single Family SELLER: Alan Viergutz - Grupo Centec BUYER'S REP: Julieta Casanas Pitte - Cervera Real Estate SELLER'S REP: Lucia Marin - One Sotheby’s International Realty PRICE: $17,400,000 SF: 10,820 ~ PPSF: $1,608

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

$928,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$61,818.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,484.88
Annual Debt Service$989,818.52