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.
On the Map
$11,700,000
$1,950,000/SF
Single Family
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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