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Maja Dragic & Goran Dragic Sell Waterfront Mansion In Miami For $14.9M As Seller's Brokers

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SOLD
$14,900,000

Florida

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Single Family5,964 SF
Sold 01/24/2025
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SOLD

Maja Dragic & Goran Dragic Sell Waterfront Mansion In Miami For $14.9M As Seller's Brokers

586 Sabal Palm Road

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Single Family5,964 SF
Sold 01/24/2025
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,498
Total Square Footage:5,964 SF
Transaction Type:Sale

The property involved in the transaction is a single-family home located at 586 Sabal Palm Road in the Miami market. The asset sold for $14,900,000, encompassing a total square footage of 5,964. It features seven bedrooms, a pool, and a dock, characteristic of luxury waterfront properties.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $14,900,000
  • Square Footage: 5,964
  • Price Per Square Foot: $2,498
  • Seller: Maja Dragic & Goran Dragic
  • Broker: Juliana Castro - Compass
  • Address: 586 Sabal Palm Road
  • Date of Sale: 01/24/2025

Maja Dragic and Goran Dragic, the retired Miami Heat All-Star, were the sellers of the property, which was previously purchased for $7,000,000 in 2016. The sale reflects the elevated demand prevailing for luxury waterfront real estate in the Miami area.

Players

Julianna Castro
15 deals$96.1M volume(305) 978-0977
BROKER

Details

SOLD
IMAGE: Juliana Castro, Goran Dragic & Maja Dragic DATE: 01/24/2025 ADDRESS: 586 Sabal Palm Road MARKET: Miami ASSET TYPE: Single Family SELLER: Maja Dragic & Goran Dragic (@The_1_Dragon) BROKER: Juliana Castro (@Juliannamiami) - Compass (@Compass) SALE PRICE: $14,900,000 SF: 5,964 ~ PPSF: $2,498 NOTE: Retired Miami Heat All-Star Goran Dragic and ex-wife Maja sold their Bay Point waterfront mansion, named "La Grande Dame" for $14.9M, double its 2016 purchase price of $7M. The sale of the 5,964-sq.-ft. home, featuring seven bedrooms, a pool, and a dock, reflects strong demand for luxury waterfront properties in Miami.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$52,936.55
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