Updated Oct 28, 2024
David Siddons Acquires $17.45M Single Family Home In Coral Gables, Miami
Coral Gables, Florida, United States
$17,450,000
Building Size
—
Asset Type
Single Family Residence
Closing
Jan 5, 2022
About this deal
AI
A single-family property located in Coral Gables, Miami, was recently sold for a total of $17,450,000. The sale took place on 01/05/2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $17,450,000
- Market: Coral Gables, Miami
The seller of the property was Frank Del Rio, the CEO of Norwegian Cruise Line Holdings. Representing the buyer in this transaction was David Siddons from Douglas Elliman. On the seller's side, Diana Gutierrez and Alex Pirez from Mocca Realty served as the representatives.
This sale represents a significant transaction in the real estate market of Coral Gables, Miami. It demonstrates the strong demand for single-family properties in this area and the willingness of buyers to invest in high-value assets.
Players
Miami 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93