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1721 South Bayshore Lane

Lina Restrepo Acquires Single Family Home From Marcus Lara In Coconut Grove
SOLDSingle Family

Lina Restrepo Acquires Single Family Home From Marcus Lara In Coconut Grove

1721 South Bayshore Lane

$3,150,000

$1,049/SF

Building Size

3,002 SF

Asset Type

Single Family

Closing

Jun 11, 2024

AI

A charming one-story home in the heart of Coconut Grove was recently sold at 1721 South Bayshore Lane. This Single Family property spans 3,002 square feet and was acquired for $3,150,000, equating to $1,049 per square foot in the Coconut Grove market.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $3,150,000
  • Buyer: Lina Restrepo
  • Seller: Marcus Lara
  • Seller's Representative: Viktoriya Donisova Ho & Andy Daro - The Daro Team - Compass

The sale of this property was facilitated by the expert representation of Viktoriya Donisova Ho and Andy Daro from The Daro Team at Compass. The transaction was successfully completed with the involvement of key individuals such as Lina Restrepo, the buyer, and Marcus Lara, the seller. The cooperation of these individuals and companies led to the seamless transfer of ownership for the charming Coconut Grove residence.

Players

Viktoriya Donisova Ho

Compass

Broker

$20M

vol

7 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

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93