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John Ruiz Acquires Coral Gables, FL SFR For $25M

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SOLD
$25,000,000

Florida

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Single Family Residence13,216 SF
Sold 09/08/2021
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Property Image
SOLD

John Ruiz Acquires Coral Gables, FL SFR For $25M

530 Arvida Parkway, Coral Gables, Florida, USA

See Similar Deals
Single Family Residence13,216 SF
Sold 09/08/2021
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,891
Total Square Footage:13,216 SF
Transaction Type:Sale

The property located at 530 Arvida Pkwy in Coral Gables, FL has been sold. The single-family home, spanning over 13,216 square feet, was bought for a sale price of $25,000,000. The transaction was finalized on September 8, 2021.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $25,000,000
  • Square Footage: 13,216
  • Address: 530 Arvida Pkwy, Coral Gables, FL
  • Market: Coral Gables, FL

John Ruiz was the buyer in this transaction, represented by Alex Pirez from Mocca Real Estate. The seller was Sandra & Randy Fiorenza, with Sandra Fiorenza representing them. The property is a single-family residence located in Coral Gables, FL. The sale price for the property was $25,000,000, and it spans over 13,216 square feet.

Players

Alex Pirez
24 deals$537.8M volume
BROKER

Sandra Fiorenza
Douglas Elliman
4 deals$55.3M volume(305) 281-4727
BROKER

Sotheby's International Realty
BROKERAGE

Sandra Fiorenza
One Sotheby’s International Realty
4 deals$55.3M volume
SELLER

Details

SOLD
IMAGE: Sandra Fiorenza DATE: 09/08/2021 ADDRESS: 530 Arvida Pkwy MARKET: Coral Gables, FL ASSET TYPE: SFR BUYER: John Ruiz SELLER: Sandra & Randy Fiorenza BUYER'S REP: Alex Pirez - Mocca Real Estate SELLER'S REP: Sandra Fiorenza (@Sandra_Fiorenza_Properties) (@SandraFiorenza1) - ONE Sotheby's International Realty (@Onesir) ASKING PRICE: $25,850,000 SALE PRICE: $25,000,000 SF: 13,216 ~ PPSF: $1,892

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

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05