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David Ortiz Sells Pinecrest Home In Record-Breaking $10.55M Sale
SOLD
$10,550,000
Florida
See Similar DealsSingle Family Residence10,178 SF
Sold 05/26/2023
SOLD
David Ortiz Sells Pinecrest Home In Record-Breaking $10.55M Sale
Pinecrest
See Similar DealsSingle Family Residence10,178 SF
Sold 05/26/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,036
Total Square Footage:10,178 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$562,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,481.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,012.38
Annual Debt Service$600,148.59
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