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Coldwell Banker Realty And Michael Saunders & Company Facilitate $7.5M SFR Sale On Longboat Key

Property Image
SOLD
$7,500,000
Judy Kepecz-Hays
Ann Martin

Florida

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Single Family Residence78,130 SF
Sold 09/04/2020
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Single Family Residence78,130 SF
Sold 09/04/2020
Judy Kepecz-Hays
Ann Martin
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$96
Total Square Footage:78,130 SF
Transaction Type:Sale

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

Judy Kepecz-Hays
Coldwell Banker
Judy Kepecz-Hays
6 deals$78.8M volume
BROKER
Ann Martin
Michael Saunders & Company
Ann Martin
1 deal$7.5M volume
BROKER

Details

SOLD
IMAGE: Judy Kepecz-Hays⁠ DATE: 09/04/2020⁠ ADDRESS: 6301 Gulf OF Mexico Drive⁠ MARKET: Longboat Key⁠ ASSET TYPE: SFR⁠ PRICE: $7,500,000⁠ SF: 7,813⁠ PPSF: $960⁠ SELLER’S REP: Judy Kepecz-Hays – Coldwell Banker Realty⁠ BUYER’S REP: Ann Martin – Michael Saunders & Company⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92