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10840 Old Cutler Road

Balli Group Sells Coral Gables Single Family Home For $17 Million With Broker Stefano Balli
SOLDSingle Family

Balli Group Sells Coral Gables Single Family Home For $17 Million With Broker Stefano Balli

10840 Old Cutler Road

$17,000,000

$1,902/SF

Building Size

8,934 SF

Asset Type

Single Family

Closing

Jul 12, 2024

AI

The property asset involved in this transaction is a single-family residence located at 10840 Old Cutler Road in Coral Gables. The sale price was set at $17,000,000, with a total square footage of 8,934 and a price per square foot of $1,903.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $17,000,000
  • Address: 10840 Old Cutler Road
  • Market: Coral Gables
  • Square Footage: 8,934
  • Price Per Square Foot: $1,903
  • Seller: Balli Group
  • Broker: Stefano Balli - Compass
  • Architect: Giorgio Balli
  • Interior Designer: Adi Balli

Balli Group, the seller, is recognized as a vertically integrated luxury home builder focusing on creating some of South Florida’s most captivating residences, as noted by their broker, Stefano Balli.

Players

Stefano Balli

ONE Sotheby's International Realty

Broker

$47.9M

vol

4 deals

Broker

Miami Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93