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
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