Updated Jan 6, 2026
Tropical Frontier Revocable Trust Acquires Waterfront Mansion From Sloan Barnett And Roger Barnett For $71.9M
3085 Munroe Drive
$71,900,000
$6,902/SF
Building Size
10,417 SF
Asset Type
Single Family
Closing
Jan 6, 2026
About this deal
AI
A 10,417-square-foot single-family waterfront mansion located at 3085 Munroe Drive in Coconut Grove has been sold off-market for $71.9 million. The property encompasses 0.94 acres and features seven bedrooms and 8.5 baths. This transaction reflects a price per square foot of $6,902, marking a notable increase from the $45.9 million purchase price in 2021 after major renovations.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $71,900,000
- Address: 3085 Munroe Drive
- Market: Coconut Grove
- Square Footage: 10,417
- Price per Square Foot: $6,902
- Buyer: Tropical Frontier Revocable Trust
- Seller: Sloan Barnett; Roger Barnett - Shaklee Corporation
The transaction involved the entities 3085 Munroe LLC, linked to Roger L. Barnett and Sloan Barnett, transitioning ownership to the Tropical Frontier Revocable Trust. The trustees for the trust are Benjamin David Babcock and Mary McFadden Quisenberry, overseeing the successful completion of the deal.
On the Map
$71,900,000
$6,902/SF
Single Family
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93