Michael Katin Purchases Single Family Home In Coral Gables For $10.25 Million
9370 Balada Street
$10,250,000
$2,564/SF
Building Size
3,997 SF
Asset Type
Single Family Residence
Closing
May 10, 2026
AI
The asset involved in this transaction is a single-family home located at 9370 Balada Street in the Coral Gables market. The property was sold for a price of $10,250,000 and has a total square footage of 3,997. The price per square foot is approximately $2,564.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,250,000
- Address: 9370 Balada Street
- Market: Coral Gables
- Square Footage: 3,997
- Price Per Square Foot: $2,564
- Buyer: Michael Katin
- Seller's Representative: Andres Morales - Coldwell Banker
- Buyer's Representative: Michael Light - Douglas Elliman
Michael Katin is the buyer of the property, with representation provided by Michael Light from Douglas Elliman. The seller was represented by Andres Morales from Coldwell Banker, highlighting the professional involvement in facilitating this high-value transaction.
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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93