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1247 Westway Drive

Michael Saunders & Company Sells Single Family Home In Sarasota For $7.5M
SOLDSingle Family

Michael Saunders & Company Sells Single Family Home In Sarasota For $7.5M

1247 Westway Drive

$7,475,000

$1,483/SF

Building Size

5,039 SF

Asset Type

Single Family

Closing

Mar 3, 2023

AI

The property involved in this transaction is a single-family home located at 1247 Westway Drive in Sarasota. The property spans 5,039 square feet and has a sale price of $7,475,000, resulting in a price per square foot of $1,483. The transaction took place on 03/03/2023.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $7,475,000
  • Address: 1247 Westway Drive
  • Market: Sarasota

The brokers involved in this deal are Klaus Lang, Georgina Clamage, and Mary Pat Radford from Michael Saunders & Company. They represent the buyer, seller, landlord, or tenant in this transaction.

Players

Klaus Lang

Michael Saunders & Company

Broker

$7.5M

vol

1 deal

Broker

Sarasota 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

2.12%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93