Updated Sep 5, 2024
David Ortiz Sells Pinecrest Home In Record-Breaking $10.55M Sale
Pinecrest
$10,550,000
$1,036/SF
Building Size
10,178 SF
Asset Type
Single Family Residence
Closing
May 26, 2023
About this deal
AI
Former Boston Red Sox player David Ortiz has sold his Miami-area home in Pinecrest, Florida for $10.55 million, setting a record for the suburb. The five-bedroom home, featuring sports memorabilia displays and a theater, attracted multiple offers and was purchased by a buyer relocating from Boston.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $10,550,000
- Square Footage: 10,178
- Price per Square Foot: $1,037
- Market: Pinecrest
Tiffany & David Ortiz sold their home, with Dennis Carvajal & Michael Martinez of One Sotheby's International Realty representing them in the deal.
Players
Pinecrest Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1K per square foot on a published $10.6M for 10,178 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93