Updated Dec 21, 2023
Matthew Skamser Acquires Palmetto Bay SFR From Seller Alex Alonso For $2.6M
8235 SW 184th St, Palmetto Bay, FL 33157
$2,600,000
$597/SF
Building Size
4,350 SF
Asset Type
Single Family Residence
Closing
Oct 17, 2022
About this deal
AI
This property is a custom-built home located at 8235 SW 184th St in Palmetto Bay, FL. It was sold in a recent transaction for $2,600,000, making it one of the highest $/SF sales in Palmetto Bay on a dry lot. The property measures 4,350 square feet, resulting in a price per square foot of $598.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,600,000
- Address: 8235 SW 184th St
- Market: Palmetto Bay, FL
The buyer of this property is Matthew Skamser, while the seller is Alex Alonso. The transaction was facilitated by Kristopher C Rodriguez of Fordome Investment Group, who represented both the buyer and seller. Kristopher C Rodriguez secured a buyer for the property, even before its construction was completed, six months prior to the purchase. This demonstrates the fast-selling nature of this custom-built home. Congratulations to both the buyer and seller!
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $597 per square foot on a published $2.6M for 4,350 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93