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6021 Gulf of Mexico Drive, ...

Developers Realty Inc Acquires SFR In Longboat Key For $13M With Buyer's Rep Reid Murphy
SOLDSingle Family Residence

Developers Realty Inc Acquires SFR In Longboat Key For $13M With Buyer's Rep Reid Murphy

6021 Gulf of Mexico Drive, Longboat Key, FL, USA

$13,000,001

$1,812/SF

Building Size

7,174 SF

Asset Type

Single Family Residence

Closing

Jul 6, 2020

AI

Located at 6021 Gulf of Mexico Dr in Longboat Key, this single-family residential property was recently sold on 07/07/2020. The property spans a total of 7,174 square feet and is situated in a prime location along the Gulf of Mexico. With a sale price of $13,000,001, the property was sold at a rate of $1,812 per square foot, indicating its value in the market.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $13,000,001
  • Address: 6021 Gulf of Mexico Dr
  • Market: Longboat Key
  • Size: 7,174 square feet

This transaction was facilitated by two brokers, Reid Murphy from Developers Realty Inc and Kim Ogilvie from Michael Saunders & Company. Their expertise and representation were instrumental in ensuring a successful deal for all parties involved.

Players

Kim Ogilvie

Michael Saunders & Company

Broker

$51.7M

vol

4 deals

Broker

Longboat Key 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93