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3845 West Gulf Drive

Kim & Brian Rist Acquire Sanibel Single Family Property For $11.7M From Manny Fernandez
SOLDSingle Family

Kim & Brian Rist Acquire Sanibel Single Family Property For $11.7M From Manny Fernandez

3845 West Gulf Drive

$11,700,000

$1,950,000/SF

Building Size

6 SF

Asset Type

Single Family

Closing

Nov 30, 2022

AI

The property involved in this transaction is a Single Family home located at 3845 W Gulf Dr in Sanibel. The sale took place on November 30, 2022. The property spans a total of 6,654 square feet and was sold for a price of $11,700,000, resulting in a price per square foot of $1,758.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $11,700,000
  • Address: 3845 W Gulf Dr, Sanibel
  • Square Footage: 6,654
  • Market: Sanibel

The buyers in this transaction were Kim & Brian Rist, while the seller was Manny Fernandez. The brokers involved in the deal were Mike McMurray and John Nicholson, representing Royal Shell Real Estate.

Players

Mike McMurray

Royal Shell Real Estate

Broker

$11.7M

vol

1 deal

Broker

Sanibel 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

1.36%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93