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Ricardo Romano And Carolina Romano Purchase Single Family Home From Laurence E. Curran III And Sylvia Curran For $4.25M

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SOLD
$4,250,000

Florida

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Single Family Residence7,467 SF
Sold 01/13/2025
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Property Image
SOLD

Ricardo Romano And Carolina Romano Purchase Single Family Home From Laurence E. Curran III And Sylvia Curran For $4.25M

7125 West Lago Drive

See Similar Deals
Single Family Residence7,467 SF
Sold 01/13/2025
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$569
Total Square Footage:7,467 SF
Transaction Type:Sale

The property located at 7125 West Lago Drive in Coral Gables is a single-family asset that was sold for $4,250,000. It encompasses a total area of 7,467 square feet, resulting in a price per square foot of $569.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $4,250,000
  • Address: 7125 West Lago Drive
  • Market: Coral Gables
  • Square Footage: 7,467
  • Price per Square Foot: $569
  • Buyer: Ricardo Romano & Carolina Romano
  • Seller: Laurence E. Curran III & Sylvia Curran
  • Broker: Lissette Garcia - One Sotheby’s International Realty

The transaction involved buyers Ricardo Romano and Carolina Romano acquiring the property from sellers Laurence E. Curran III and Sylvia Curran. The deal was facilitated by broker Lissette Garcia, who represented the interests of the buyers in this closed transaction.

Players

Lissette Garcia
8 deals$48.9M volume(305) 788-6847
BROKER

Details

SOLD
IMAGE: Lissette Garcia DATE: 01/13/2025 ADDRESS: 7125 West Lago Drive MARKET: Coral Gables ASSET TYPE: Single Family BUYER: Ricardo Romano & Carolina Romano SELLER: Laurence E. Curran III & Sylvia Curran BROKER: Lissette Garcia - One Sotheby’s International Realty (@Onesir) SALE PRICE: $4,250,000 SF: 7,467 ~ PPSF: $569

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$226,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02