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9475 Journey's End Road, Co...

Updated Feb 16, 2024

Jackie & Mike Bezos Acquire $34M Single Family Property In Coral Gables
SOLDSingle Family Residence

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

About this deal

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

Lourdes Alatriste

Douglas Elliman

Broker

$588.6M

vol

40 deals

Broker
Bank of America
Bank of AmericaLender

Coral Gables Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $2.7K per square foot on a published $34M for 12,829 square feet (2022).

Visit Lourdes Alatriste to view all their deals.

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

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