Updated Aug 27, 2026
Record Sale Of Single Family Home In Redlands Area For $7.5 Million With Brokers Ryan Hernandez & George Collazo Jr
15620 Sw 188th Ct
$7,500,000
$487/SF
Building Size
15,391 SF
Asset Type
Single Family Residence
Closing
Aug 25, 2026
About this deal
AI
The property asset involved in the transaction is a Single Family home located at 15620 Southwest 188th Court in the Miami market. The sale price was recorded at $7,500,000, with a total square footage of 7,384, resulting in a price per square foot of $1,016.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,500,000
- Address: 15620 Southwest 188th Court
- Market: Miami
- Square Footage: 7,384
- Price per Square Foot: $1,016
- Brokers: Ryan Hernandez & George Collazo Jr. - The Source Real Estate
Ryan Hernandez and George Collazo Jr. represented the transaction on behalf of the client, marking a significant milestone in the region as Arrow Estate achieved the highest-priced MLS-recorded residential sale in the Redlands area.
On the Map
$7,500,000
$487/SF
Single Family Residence
View full map
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
Visit George Collazo Jr. to view all their deals.
Browse Miami single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93