Alex Pirez Of Mocca Group Sells Waterfront Mansion In Coral Gables For $55M
340 Leucadendra Drive
$9,000,000
$562/SF
Building Size
16,000 SF
Asset Type
Single Family
Closing
Jun 3, 2025
AI
The property asset involved in this transaction is a single-family waterfront mansion located at 340 Leucadendra Drive in Coral Gables. The property features nine bedrooms and encompasses a total of 16,000 square feet. It was sold for $55,000,000, resulting in a price per square foot of approximately $563.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $55,000,000
- Address: 340 Leucadendra Drive
- Market: Coral Gables
- Seller: Alex Pirez - Mocca Group
- Broker: Audrey Ross - Compass
- Square Footage: 16,000
- Price Per Square Foot: $563
In this transaction, seller Alex Pirez, representing Mocca Group, completed the sale while broker Audrey Ross from Compass represented the buyer, a Delaware LLC. Following this sale, Alex Pirez acquired a smaller waterfront home nearby for $17 million.
Players
Coral Gables Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93