Updated Sep 23, 2026
Sam Nazarian Acquires Coral Gables SFR From Steven C. Marks For $14M
8815 Arvida Drive, Coral Gables, FL, USA
$14,000,000
$1,444/SF
Building Size
9,694 SF
Asset Type
Single Family Residence
Closing
Dec 9, 2020
About this deal
AI
An exquisite SFR located at 8815 Arvida Drive in Coral Gables has recently been sold for a staggering amount of $14,000,000. This luxurious property boasts an impressive size of 9,694 square feet, offering ample space for its new owner, Sam Nazarian. With a price per square foot of $1,444, this transaction showcases the high-end nature of this Coral Gables gem.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $14,000,000
- Address: 8815 Arvida Drive
- Market: Coral Gables
Leading the way in representing the buyer, Sam Nazarian, were Brett Harris from Douglas Elliman and Jorge Uribe from One Sotheby's International Realty. On the other side of the deal, Audrey Ross from Compass served as the seller's representative, ensuring a smooth and successful transaction. This collaboration of esteemed industry professionals highlights the expertise and dedication involved in this sale.
On the Map
$14,000,000
$1,444/SF
Single Family Residence
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Players
Coral Gables Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $14M for 9,694 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93