facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

8815 Arvida Drive, Coral Ga...

Sam Nazarian Acquires Coral Gables SFR From Steven C. Marks For $14M
SOLDSingle Family Residence

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

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.

Players

Brett Harris

Douglas Elliman

Broker

$590M

vol

16 deals

Broker

Sam Nazarian

Buyer

$48.8M

vol

2 deals

Buyer

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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93