SOLDSingle Family Residence
Michael Light And Jaimee Light Of Douglas Elliman Represent Buyer In Coral Gables Sale For $29.95M
555 Arvida Parkway
Building Size
13,147 SF
Asset Type
Single Family Residence
Closing
May 31, 2026
AI
The property asset involved in this transaction is a single-family home located at 555 Arvida Parkway in Coral Gables. This property features a total square footage of 13,147 and was listed with a last asking price of $29,950,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $29,950,000
- Address: 555 Arvida Parkway
- Market: Coral Gables
- Square Footage: 13,147
- Buyer's Representative: Michael Light & Jaimee Light - Douglas Elliman
- Seller's Representative: Ralph Arias - Sotheby's International Realty
This transaction involved key representatives: Michael Light and Jaimee Light represented the buyers through Douglas Elliman, while the seller was represented by Ralph Arias from Sotheby's International Realty. The roles of the representatives were crucial in facilitating the sale of the property.
Players
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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93