Updated Jun 2, 2025
Trust Purchases Single Family Home From 291 Costanera LLC For $17.4 Million In Coral Gables
291 Costanera Road
$17,400,000
$2,809/SF
Building Size
6,194 SF
Asset Type
Single Family
Closing
Feb 5, 2025
About this deal
AI
A trust purchased a 6,194-square-foot mansion located at 291 Costanera Road in the Coral Gables market for $17.4 million. The property is categorized as a single-family asset and was previously owned by 291 Costanera LLC, part of Beacon Hill Group.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,400,000
- Square Footage: 6,194
- Price Per Square Foot: $2,809
- Market: Coral Gables
- Seller: Beacon Hill Group
- Broker: Matthew Martinez - Beacon Hill Property Group
The deal was brokered by Matthew Martinez, who highlighted that the home is the only new spec home completed on the water in Coral Gables this year.
On the Map
$17,400,000
$2,809/SF
Single Family
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Coral Gables 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93