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
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