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

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SOLD
$18,500,000
Alex Pirez
Vincent James Pinto

Florida

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Single Family Residence45,738 SF
Sold 08/09/2024
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SOLD

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

1 Leucadendra Drive

See Similar Deals
Single Family Residence45,738 SF
Sold 08/09/2024
Alex Pirez
Vincent James Pinto
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$404
Total Square Footage:45,738 SF
Transaction Type:Sale

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
Alex Pirez
24 deals$537.8M volume
BROKER
Vincent James Pinto
RelatedISG International Realty
Vincent James Pinto
1 deal$18.5M volume(305) 282-1823
BROKER

Details

SOLD
IMAGE: Alex Pirez & Vincent James Pinto DATE: 08/09/2024 ADDRESS: 1 Leucadendra Drive MARKET: Coral Gables ASSET TYPE: Single Family BUYER: Alex Pirez SELLER: Francisco R. Unanue BUYER'S REP: Alex Pirez - Mocca Group (@MoccaGroup) SELLER'S REP: Vincent James Pinto - RelatedISG International Realty (@RelatedISG_Commercial) SALE PRICE: $18,500,000 SF: 45,738 ~ PPSF: $404 NOTE FROM BROKERS: A 1.05-acre waterfront lot in Coral Gables was sold for $18.5 million. Located at 1 Leucadendra Drive in the prestigious Gables Estates neighborhood, Alex Pirez of Mocca Group represented the buyer and will build a custom home on the property. Vincent James Pinto of Related ISG International Realty represented the seller.

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Operating Expenses (Annual)
Net Operating Income (NOI)

$986,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
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