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Pilar Ruiz De La Torre & Michael Martinez Facilitate $9.4M Sale In Pinecrest

Property Image
SOLD
$9,400,000
Michael Martinez
Pilar Ruiz de la Torre

Florida

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Single Family6,601 SF
Sold 03/14/2024
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Property Image
SOLD

Pilar Ruiz De La Torre & Michael Martinez Facilitate $9.4M Sale In Pinecrest

5900 Southwest 108th Street

See Similar Deals
Single Family6,601 SF
Sold 03/14/2024
Michael Martinez
Pilar Ruiz de la Torre
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,424
Total Square Footage:6,601 SF
Transaction Type:Sale

A 6,601-square-foot, seven-bedroom single-family home located at 5900 Southwest 108th Street in Pinecrest was sold for $9.4 million. The property sits on a 0.87-acre lot and was acquired by S-REIT LLC from Oscar Renjel of Zumma Investments.

Summary of transaction details:

Oscar Renjel's Juni Holdings LLC had purchased the site for $2 million in 2022 and completed the construction of the mansion earlier this year, initially listing it for $9.5 million in February before finalizing the sale to S-REIT LLC.

Players

Michael Martinez
Sotheby's International Realty
Michael Martinez
18 deals$134.6M volume
BROKER
Pilar Ruiz de la Torre
Coldwell Banker
Pilar Ruiz de la Torre
1 deal$9.4M volume(305) 699-9001
BROKER

Details

SOLD
IMAGE: Pilar Ruiz de la Torre & Michael Martinez DATE: 03/14/2024 ADDRESS: 5900 Southwest 108th Street Pinecrest MARKET: Pinecrest ASSET TYPE: Single Family ~ ACRES: 0.87 SELLER: Oscar Renjel - Zumma Investments BUYER'S REP: Pilar Ruiz de la Torre (@PilarRuizHomes) - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Michael Martinez (@MichaelMartinezRealtor) - One Sotheby's International Realty (@Onesir) SALE PRICE: $9,400,000 SF: 6,601 ~ PPSF: $1,424 NOTE: Oscar Renjel of Zumma Investments sold a Pinecrest mansion for $9.4 million to S-REIT LLC. Renjel's Juni Holdings LLC, which purchased the 0.87-acre site for $2 million in 2022, completed the 6,601-square-foot, seven-bedroom house this year, initially listed for $9.5 million in February.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$501,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,396.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,560.80
Annual Debt Service$534,729.55