Updated Dec 4, 2024
John Wall Purchases 9,594 Square Foot Mansion In Southwest Ranches For $9.8 Million
16745 Berkshire Court
$9,800,000
$1,021/SF
Building Size
9,594 SF
Asset Type
Single Family
Closing
Oct 16, 2024
About this deal
AI
Former NBA star John Wall has purchased a 9,594-square-foot mansion located on 2.29 acres in Southwest Ranches for a price of $9,800,000. The property features seven bedrooms and seven bathrooms, along with a pool and a sport court. It was previously listed at $10.5 million in the previous year and was acquired by the sellers for $3 million in 2008.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,800,000
- Location: Southwest Ranches
- Buyer: John Wall
- Seller: Ernesto & Michelle Martinez
- Buyer's Representative: Cassandra Montgomery - CassMont Realty
- Seller's Representative: Benjamin Moss - Compass
- Square Footage: 9,594
- Price Per Square Foot: $1,021
- Acres: 2.29
The transaction includes the involvement of Cassandra Montgomery representing the buyer, John Wall, and Benjamin Moss representing the sellers, Ernesto and Michelle Martinez. The sellers had originally purchased the property for $3 million back in 2008.
Players
Southwest Ranches Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1K per square foot on a published $9.8M for 9,594 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93