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Southwest Ranches, FL, USA

Rick Ross Acquires Amar'e Stoudemire's $3.5M SFR In Southwest Ranches
SOLDSingle Family Residence

Rick Ross Acquires Amar'e Stoudemire's $3.5M SFR In Southwest Ranches

Southwest Ranches, FL, USA

$3,500,000

$403/SF

Building Size

8,675 SF

Asset Type

Single Family Residence

Closing

Mar 4, 2021

AI

Amar'e Stoudemire has sold his home in Southwest Ranches to rapper Rick Ross for $3,500,000. The property is a single-family residence with a total area of 8,675 square feet, offering plenty of space for the new owner to enjoy. The sale price per square foot comes out to be $403, reflecting the value of the property. Situated on a generous 2.35-acre lot, the price per acre is $1,489,362, indicating the desirability of the location.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $3,500,000
  • Square Footage: 8,675 sqft
  • Price per Square Foot: $403
  • Lot Size: 2.35 acres
  • Price per Acre: $1,489,362

Rick Ross acquired the property in the deal, with Tawanda Roberts from Florida Realty of Miami representing him as his buyer's representative. Amar'e Stoudemire was the seller, and his interests were represented by Kimberly Knausz from ONE Sotheby's International Realty. The transaction took place on 03/05/2021, marking the successful transfer of ownership between the two parties involved.

Players

Kimberly Knausz

Sotheby's International Realty

Broker

$76M

vol

3 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Rick Ross

Buyer

$86.7M

vol

4 deals

Buyer

Southwest Ranches 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93