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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

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SOLD
$13,600,000

Florida

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Single Family Residence34,430 SF
Sold 11/05/2020
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Property Image
SOLD

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

See Similar Deals
Single Family Residence34,430 SF
Sold 11/05/2020
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$395
Total Square Footage:34,430 SF
Transaction Type:Sale

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

2 deals$15.8M volume
BROKER


Valeria Kelly
Sotheby's International Realty
3 deals$35.2M volume
BROKER

Details

SOLD
IMAGE: Marily Vazquez Prol & Valeria Kelly DATE: 11/05/2020 ADDRESS: 8950 Arvida Drive MARKET: Coral Gables ASSET TYPE: SFR BUYER'S REP: Marily Vazquez Prol - Modern World Realty SELLER'S REP: Saddy Delgado & Valeria Kelly - One Sotheby's International Realty PRICE: $13,600,000 SF: 17,215 / PPSF: $790

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$725,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$48,317.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,470.94
Annual Debt Service$773,651.26