Coldwell Banker Realty And Michael Saunders & Company Facilitate $7.5M SFR Sale On Longboat Key
6301 Gulf of Mexico Dr, Longboat Key, FL 34228, USA
$7,500,000
$96/SF
Building Size
78,130 SF
Asset Type
Single Family Residence
Closing
Sep 3, 2020
AI
The property located at 6301 Gulf OF Mexico Drive in Longboat Key has been sold for a price of $7,500,000. This single-family residence (SFR) spans across a total area of 7,813 square feet, resulting in a price per square foot of $960. The transaction took place on September 4, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,500,000
- Address: 6301 Gulf OF Mexico Drive, Longboat Key
- Market: Longboat Key
- Square Footage: 7,813
- Price per Square Foot: $960
Judy Kepecz-Hays from Coldwell Banker Realty acted as the seller's representative in this transaction, while Ann Martin from Michael Saunders & Company represented the buyer.
Players
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93