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
Longboat Key Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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