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1 Leucadendra Drive

Alex Pirez Of Mocca Group Buys Waterfront Lot In Coral Gables From Francisco R. Unanue For $18.5M
SOLDSingle Family Residence

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

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:

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

Alex Pirez

Mocca Group

Broker

$537.8M

vol

24 deals

Broker

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