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711 University Drive, Coral...

Michael & Elizabeth Brown Acquire SFR In Coral Gables For $7M
SOLDSingle Family Residence

Michael & Elizabeth Brown Acquire SFR In Coral Gables For $7M

711 University Drive, Coral Gables, Florida 33134, United States

$7,000,000

$1,184/SF

Building Size

5,910 SF

Asset Type

Single Family Residence

Closing

Jun 9, 2022

AI

Located in Coral Gables, this single-family residence is situated at 711 University Dr. Spanning over 5,910 square feet, the property features a spacious layout. The transaction took place on 06/10/2022, with a sale price of $7,000,000, resulting in a price per square foot of $1,184.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $7,000,000
  • Market: Coral Gables
  • Address: 711 University Dr
  • Square Footage: 5,910

The buyer of this property is Michael and Elizabeth Brown. Represented by Jill Penman from One Sotheby's International Realty, they secured a lucrative deal. On the other side, Jennifer Goldstein from Douglas Elliman represented the seller during the transaction.

Players

Jennifer Goldstein

Douglas Elliman

Broker

$161.2M

vol

33 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Coral Gables 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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93