Updated Sep 5, 2024
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
About this deal
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
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