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900 South North Lake Drive

Grand Realty Of America Acquires SFR In Hollywood For $15M
SOLDSingle Family Residence

Grand Realty Of America Acquires SFR In Hollywood For $15M

900 South North Lake Drive

$15,000,000

$1,167/SF

Building Size

12,845 SF

Asset Type

Single Family Residence

Closing

Jun 1, 2022

AI

A record-breaking sale has taken place in Hollywood, FL, with a stunning single-family home sold for an impressive price of $15,000,000. Located at 900 S North Lake Dr, this property offers a spacious living area of 12,845 square feet. The sale price per square foot comes to $1,168. This transaction has set a new benchmark for the most expensive sale in Hollywood's history, surpassing any other home sold in the area.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $15,000,000
  • Address: 900 S North Lake Dr
  • Market: Hollywood, FL
  • Square Footage: 12,845

The buyer's representative in this deal is Anthony Furnari from Grand Realty Of America, Corp. representing the buyer, Kaan Iscil. On the other side, Liz Hogan from Compass acted as the seller's representative. Their expertise and guidance played a crucial role in the successful completion of this significant transaction.

With this remarkable sale, Hollywood, FL has witnessed a property transaction that has doubled the previous record sale in the area. Marking a milestone in the real estate market, this transaction exemplifies the desirability and value that this particular property holds.

Players

Liz Hogan

Compass

Broker

$537.9M

vol

35 deals

Broker

Kaan Iscil

Seller

$30M

vol

2 deals

Seller

Hollywood 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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93