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8950 Arvida Drive, Coral Ga...

Modern World Realty Acquires SFR In Coral Gables For $13.6M With Buyer's Rep Marily Vazquez Prol & Seller's Rep Saddy Delgado & Valeria Kelly
SOLDSingle Family Residence

Modern World Realty Acquires SFR In Coral Gables For $13.6M With Buyer's Rep Marily Vazquez Prol & Seller's Rep Saddy Delgado & Valeria Kelly

8950 Arvida Drive, Coral Gables, FL, USA & 8950 Arvida Drive, Coral Gables, FL, USA

$13,600,000

$395/SF

Building Size

34,430 SF

Asset Type

Single Family Residence

Closing

Nov 4, 2020

AI

Located at 8950 Arvida Drive in Coral Gables, this single-family residential property was recently sold. The transaction took place on November 5, 2020, with a sale price of $13,600,000. The property spans an impressive 17,215 square feet, resulting in a price per square foot of $790. The transaction was facilitated by the buyer's representative, Marily Vazquez Prol from Modern World Realty, and the seller's representatives, Saddy Delgado and Valeria Kelly from One Sotheby's International Realty.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $13,600,000
  • Address: 8950 Arvida Drive, Coral Gables
  • Market: Coral Gables
  • Buyer's Representative: Marily Vazquez Prol - Modern World Realty
  • Seller's Representatives: Saddy Delgado and Valeria Kelly - One Sotheby's International Realty

This sale marks a significant transaction in the Coral Gables market, showcasing the demand for high-end residential properties. The involvement of reputable agencies like Modern World Realty and One Sotheby's International Realty further highlights the professionalism and expertise of the individuals and companies behind the deal.

Players

Marily Vazquez Prol

Broker

$15.8M

vol

2 deals

Broker

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

1.17%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93