Jackie & Mike Bezos Acquire $34M Single Family Property In Coral Gables
9475 Journey's End Road, Coral Gables, Florida 33156, United States
$34,000,000
$2,650/SF
Building Size
12,829 SF
Asset Type
Single Family Residence
Closing
Jul 25, 2022
AI
The property involved in this closed transaction is a single family home located at 9475 Journeys End Road in Coral Gables. The property sits on a spacious 1.9-acre lot, offering ample space for outdoor activities and privacy. The total square footage of the home is 12,829, providing generous living and entertainment spaces. The sale price for this property was $34,000,000, resulting in a price per square foot of $2,650.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $34,000,000
- Market: Coral Gables
- Acres: 1.9
- Buyer: Jackie & Mike Bezos
- Seller: Raul Calvoz & Raquel Cordon
- Broker: Lourdes Alatriste - Douglas Elliman
- Lender: Bank of America
- Square Footage: 12,829
- Price per Square Foot: $2,650
The buyers in this transaction are Jackie and Mike Bezos, while the sellers are Raul Calvoz and Raquel Cordon. Representing the buyers in the deal was Lourdes Alatriste from Douglas Elliman. The lender for this transaction was Bank of America. The sale of this property showcases the strong real estate market in Coral Gables, and the value of this upscale single family home.
Players
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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93