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.
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