Travis VanderZanden's Coral Gables Mansion Sold For $26M By Seller's Rep Jill Hertzberg & Nathan Zeder - Coldwell Banker
325 Leucadendra Drive
$26,020,000
$1,883/SF
Building Size
13,816 SF
Asset Type
Single Family
Closing
Jan 9, 2024
AI
Travis VanderZanden, founder of Bird, and his wife Samantha VanderZanden sold their 1.31-acre mansion in Coral Gables for $26 million. The property, located at 325 Leucadendra Drive in Gables Estates, was initially listed for $39.9 million. The mansion spans 13,816 square feet and features nine bedrooms, nine bathrooms, and various amenities. It was purchased by the VanderZandens in 2021 for $21.8 million.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $26,020,000
- Market: Coral Gables
- Address: 325 Leucadendra Drive
- Asset Type: Single Family
- Acres: 1.31
- Square Footage: 13,816
- Buyer's Representative: Kathy Diamond - Universal Realty Services & Inc
- Seller's Representatives: Jill Hertzberg & Nathan Zeder - Coldwell Banker
- Lender: citi-bank-d737609e-138d-43a8-bc34-17dd589f315d-duplicate''>Citi Bank
The VanderZandens' representative in the deal was Kathy Diamond from Universal Realty Services & Inc.
Players
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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93