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5340 Banyan Drive

Updated Aug 25, 2026

Hazel Goldman & Evan Goldman Of Goldman Residential Group Represent Both Sides In $7.28M Coral Gables Sale
SOLDSingle Family Residence

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.

Players

Evan Goldman

Re/Max

Broker

$10.3M

vol

3 deals

Broker

Coral Gables Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $7.3M for 5,690 square feet (2026).

Visit Hazel Goldman to view all their deals.

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

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