Updated Aug 25, 2026
Hazel Goldman & Evan Goldman Of Goldman Residential Group Represent Both Sides In $7.28M Coral Gables Sale
5340 Banyan Drive
$7,281,500
$1,279/SF
Building Size
5,690 SF
Asset Type
Single Family Residence
Closing
Jul 22, 2026
About this deal
AI
This single-family home located at 5340 Banyan Drive in the Coral Gables market has been successfully sold for $7,281,500. The property spans 5,690 square feet and has a price per square foot of $1,279. It is situated on a .95-acre deep acre lot in the prestigious Hammock Lake No 2 subdivision, featuring a charming 2-story structure that includes 5 bedrooms and 4.5 baths, along with a pool.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,281,500
- Square Footage: 5,690
- Price Per Square Foot: $1,279
- Address: 5340 Banyan Drive
- Market: Coral Gables
- Property Size: .95 acres
- Current Structure: 2-story home with 5 bedrooms and 4.5 baths
- Sale Date: 07/22/2026
Hazel Goldman and Evan Goldman of Goldman Residential Group - REMAX Advance Realty represented both sides in this successful transaction, emphasizing their role in facilitating the sale of this unique property. The asset was noted for its impressive 147-foot southeast frontage on Hammock Lake 2, providing a blend of tranquility and accessibility, making it an attractive option for buyers.
Coral Gables 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
2.18%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93