Updated Dec 21, 2023
Tim Savage - Gulf Coast International Properties Sells SFR In Naples For $9.9M
661 Galleon Dr, Naples, FL 34102, USA
$9,900,000
$1,980/SF
Building Size
5,000 SF
Asset Type
Single Family Residence
Closing
Jul 30, 2020
About this deal
AI
A single-family residential property located at 661 Galleon Drive in Naples has been sold for $9,900,000. The property spans 5,000 square feet, resulting in a price per square foot of $1,980. The transaction took place on July 31, 2020. The sale was facilitated by Tim Savage from Gulf Coast International Properties.
Summary of Transaction Details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $9,900,000
- Address: 661 Galleon Drive, Naples
- Market: Naples
- Broker: Tim Savage - Gulf Coast International Properties
This transaction represents a significant sale in the Naples market, with the property selling at a premium price of $9,900,000. Tim Savage from Gulf Coast International Properties played a crucial role in facilitating the deal, ensuring a successful transaction for all parties involved.
Players
Naples 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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93