Updated Dec 4, 2024
Alex Pirez Of Mocca Group Buys Waterfront Lot In Coral Gables From Francisco R. Unanue For $18.5M
1 Leucadendra Drive
$18,500,000
$404/SF
Building Size
45,738 SF
Asset Type
Single Family Residence
Closing
Aug 9, 2024
About this deal
AI
A 1.05-acre waterfront lot in Coral Gables has been sold for $18.5 million. The property, located at 1 Leucadendra Drive, falls within the prestigious Gables Estates neighborhood and features a square footage of 45,738, which translates to a price per square foot of $404.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $18,500,000
- Buyer's Name: Alex Pirez
- Seller's Name: Francisco R. Unanue
- Buyer's Representative: Alex Pirez - Mocca Group
- Seller's Representative: Vincent James Pinto - RelatedISG International Realty
Alex Pirez represented himself in the purchase and plans to build a custom home on the property. Vincent James Pinto facilitated the transaction on behalf of the seller.
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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93