Updated Sep 5, 2024
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
About this deal
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.
On the Map
$3,500,000
$403/SF
Single Family Residence
View full map
Players
Southwest Ranches Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $403 per square foot on a published $3.5M for 8,675 square feet (2021).
Visit Kimberly Knausz to view all their deals.
Browse Florida single family residence sales on Traded.
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