Alex Pirez Of Mocca Group Represents Buyer For Single Family Home In Coral Gables For $14.9M
4820 Southwest 86th Terrace
$14,900,000
$1,655/SF
Building Size
9,000 SF
Asset Type
Single Family
Closing
Jan 6, 2025
AI
A 9,000-square-foot mansion located at 4820 Southwest 86th Terrace is now under contract. This single-family home, situated on a 0.9-acre lot in Coral Gables, is listed at a price of $14,900,000. The property consists of five bedrooms and five-and-a-half bathrooms.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,900,000
- Square Footage: 9,000
- Address: 4820 Southwest 86th Terrace
- Market: Coral Gables
- Price per Square Foot: $1,656
- Brokers: Alex Pirez - Mocca Group
- Property Development: Developed by an affiliate of Mocca Construction
- Initial Lot Purchase: $2 million in 2020
Alex Pirez of Mocca Realty represents the seller in this transaction. The property has been recognized as the top contract in Miami-Dade for the previous week, highlighting its significance in the current market.
Players
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93