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Coconut Grove Mansion Sold For $17.5M With Receiver Bernice C. Lee Overseeing Sale

Property Image
SOLD
$17,500,000

Florida

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Single Family9,824 SF
Sold 08/13/2024
the dealdetailscomps
Property Image
SOLD

Coconut Grove Mansion Sold For $17.5M With Receiver Bernice C. Lee Overseeing Sale

3620 Stewart Avenue

See Similar Deals
Single Family9,824 SF
Sold 08/13/2024
the dealdetailscomps

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,781
Total Square Footage:9,824 SF
Transaction Type:Sale

A Coconut Grove mansion located at 3620 Stewart Avenue in Miami sold for $17,500,000. The property spans 9,824 square feet and sits on 0.71 acres. The transaction reflects a price per square foot of $1,781.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $17,500,000
  • Market: Miami
  • Sale Date: 08/13/2024
  • Seller: Stewart Grove 1 LLC, affiliate of Location Ventures
  • Sale overseen by: receiver Bernice C. Lee
  • Mortgage debt repaid: $14.08 million

The sale is part of a receivership following an SEC lawsuit against developer Rishi Kapoor. The remaining funds from the sale were allocated to the receivership estate, showcasing the financial implications of the legal proceedings surrounding the property.

Details

SOLD
IMAGE: Rishi Kapoor DATE: 08/13/2024 ADDRESS: 3620 Stewart Avenue MARKET: Miami ASSET TYPE: Single Family ~ ACRES: 0.71 SELLER: Stewart Grove 1 LLC affiliate of Location Ventures SALE PRICE: $17,500,000 SF: 9,824 ~ PPSF: $1,781 NOTE: A Coconut Grove mansion sold for $17.5 million as part of a receivership following an SEC lawsuit against developer Rishi Kapoor. The sale, overseen by receiver Bernice C. Lee, repaid $14.08 million in mortgage debt with the remaining funds going to the receivership estate.

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