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9370 Balada Street

Michael Katin Purchases Single Family Home In Coral Gables For $10.25 Million
SOLDSingle Family Residence

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

Michael Light

Douglas Elliman

Broker

$78.7M

vol

8 deals

Broker

Michael Katin

Buyer

$10.3M

vol

1 deal

Buyer

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