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5865 Magnolia Ln

Carolyn B Harris Acquires Coral Gables Single Family Home For $3.35M
SOLDSingle Family

Carolyn B Harris Acquires Coral Gables Single Family Home For $3.35M

5865 Magnolia Ln

$3,350,000

$535/SF

Building Size

6,255 SF

Asset Type

Single Family

Closing

Jan 16, 2024

AI

The single-family home located at 5865 Magnolia Lane in Coral Gables has been sold for $3,350,000. The property spans 6,255 square feet, resulting in a price per square foot of $536. The transaction took place on January 16, 2024.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $3,350,000
  • Address: 5865 Magnolia Lane
  • Market: Coral Gables
  • Buyer: Carolyn B Harris
  • Brokers: Andy Daro & Sophia Robyn - Compass

Representing the buyer and seller respectively, Andy Daro and Sophia Robyn from Compass facilitated the deal. Their expertise and guidance ensured a smooth transaction for both parties involved.

Players

Andy Daro

Compass

Broker

$108.2M

vol

14 deals

Broker

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

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93