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
Coral Gables 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93