Maja Dragic & Goran Dragic Sell Waterfront Mansion In Miami For $14.9M As Seller's Brokers
586 Sabal Palm Road
$14,900,000
$2,498/SF
Building Size
5,964 SF
Asset Type
Single Family
Closing
Jan 24, 2025
AI
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
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