Carlos Musso Sells Single Family Land In Coral Gables For $22M With Maurice Boschetti - Boschetti Realty Group
480 Casuarina Concourse
$22,000,000
$304/SF
Building Size
72,310 SF
Asset Type
Single Family
Closing
Jan 16, 2024
AI
The single family land located at 480 Casuarina Concourse in Coral Gables has been sold for $22,000,000. Spanning across a total area of 72,310 square feet, this property offers ample space for development. The sale price per square foot comes to $304, reflecting the value of the land.
Summary of transaction details
- Property Type: Single Family Land
- Transaction Amount: $22,000,000
- Address: 480 Casuarina Concourse
- Market: Coral Gables
- Square Feet: 72,310
- Seller: Carlos Musso
- Broker: Maurice Boschetti - Boschetti Realty Group
Maurice Boschetti from Boschetti Realty Group represented Carlos Musso, the seller, in this transaction. The deal showcases the expertise of both parties involved and highlights the significant role played by Boschetti Realty Group.
Miami 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93