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506 Sunset Dr, Coral Gables...

Miura Cigars Acquires Single Family Home In Coral Gables For $5.5M
SOLDSingle Family Residence

Miura Cigars Acquires Single Family Home In Coral Gables For $5.5M

506 Sunset Dr, Coral Gables, FL 33143

$5,500,000

$747/SF

Building Size

7,354 SF

Asset Type

Single Family Residence

Closing

Mar 29, 2022

AI

Located in Coral Gables, the single-family property at 506 Sunset Drive has been sold on 03/30/2022. The property spans across 7,354 square feet and was sold for a price of $5,500,000, resulting in a price per square foot of $748.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $5,500,000

The buyer of the property is Miura Cigars, represented by Jorge Leon and Geidy Leon. On the other hand, Justise Winslow, an NBA basketball player for the Portland Trailblazers, served as the seller.

Handling the transaction on behalf of the buyer was Marvin Arrieta from Coldwell Banker, while the seller was represented by Ben Moss and Brandon Winslow from Compass.

Players

Benjamin Moss

Compass

Broker

$114.6M

vol

10 deals

Broker

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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93