Ernst Swietelsky's Coconut Grove Estate Under Contract For $38.5M In Miami
3080 Munroe Drive
$38,500,000
$3,812/SF
Building Size
10,099 SF
Asset Type
Single Family
Closing
Jun 11, 2024
AI
A waterfront estate located at 3080 Munroe Drive in Coconut Grove has recently gone under contract in Miami. The property, spanning 10,099 square feet, was listed by seller Ernst Swietelsky for a price of $38,500,000, equating to a price per square foot of $3,812. This stunning single-family home offers luxurious living in a prime waterfront location.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $38,500,000
- Address: 3080 Munroe Drive
- Market: Miami
The deal was facilitated by brokers Fredrik Eklund and Lourdes Alatriste of Douglas Elliman. The property garnered significant attention, with its sale marking a notable achievement in the Miami real estate market. Notably, this transaction was part of the Eklund-Gomes luxe signed contracts report, standing out among 24 other luxury properties in Miami-Dade County that collectively amounted to $220.5 million in asking volume.
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93