Updated Jan 14, 2026
Thomas Peck And Jill Barnes Sell Coral Gables Home For $21.5 Million With Kristy Gugunava
10840 Old Cutler Road
$21,500,000
$2,322/SF
Building Size
9,258 SF
Asset Type
Single Family
Closing
Dec 29, 2025
About this deal
AI
10840 Old Cutler Road is a single-family asset located in Coral Gables, encompassing 1.14 acres. This property features a newly built home with a total area of 9,258 square feet. The sale price of this property was $21,500,000, translating to a price per square foot of $2,322.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $21,500,000
- Address: 10840 Old Cutler Road
- Market: Coral Gables
- Seller: Thomas Peck & Jill Barnes
- Broker: Kristy Gugunava - The Chad Carroll Group
- Acres: 1.14
- Square Footage: 9,258
- Price per Square Foot: $2,322
This transaction was facilitated by Kristy Gugunava from The Chad Carroll Group representing the sellers, Thomas Peck and Jill Barnes. The property, which features seven bedrooms, was previously purchased for $17 million in 2024 and was marketed down from an original asking price of $25 million before the sale.
On the Map
$21,500,000
$2,322/SF
Single Family
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Players
Miami Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $21.5M for 9,258 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93