Updated Dec 21, 2023
Carlos Saravia Acquires Single Family Residence In Key Biscayne For $4.15M
13 Grand Bay Estates Circle, Key Biscayne, FL, USA
$4,150,000
$812/SF
Building Size
5,106 SF
Asset Type
Single Family Residence
Closing
Aug 15, 2021
About this deal
AI
A single-family residence located at 13 Grand Bay Estates Cir in Key Biscayne, Florida, has been sold in a recent transaction. The property is situated within the prestigious Ritz Carlton/Grand Bay community. The sale took place on August 16, 2021.
Summary of transaction details:
- Property Type: Single Family Residence
- Transaction Amount: $4,150,000
- Address: 13 Grand Bay Estates Cir, Key Biscayne, Florida
- Market: Key Biscayne, Florida
- Property Size: 5,106 square feet
- Price Per Square Foot: $813
- Lot Size: 9,608 square feet
The buyer of the property is Carlos Saravia, while the seller is Vicente Perez. Representing both the buyer and seller in this transaction is Liz Hogan.
The property was listed with an asking price of $4,350,000, and it was ultimately sold for $4,150,000. This translates to a price per square foot of $813. The residence itself offers a generous living space of 5,106 square feet. Additionally, the property's lot spans 9,608 square feet.
Players
Key Biscayne Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $812 per square foot on a published $4.2M for 5,106 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93