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Coral Gables, Florida, Unit...

David Siddons Acquires $17.45M Single Family Home In Coral Gables, Miami
SOLDSingle Family Residence

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

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

Diana Gutierrez

Mocca Realty

Broker

$217.5M

vol

14 deals

Broker
Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServicesBrokerage
Compass
CompassBrokerage

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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