Ana Teresa Rodriguez & Virginia Aizpurua Of ATR Luxury Homes Group Represent Seller In $10.825M Coral Gables Sale
690 Solano Prado
$10,825,000
$3,624/SF
Building Size
2,987 SF
Asset Type
Single Family
Closing
Nov 15, 2024
AI
The property asset involved in the transaction is a single-family home located at 690 Solano Prado in Coral Gables. It encompasses 2,987 square feet of living space and sits on 0.72 acres of land. The sale price for this property was $10,825,000, with a price per square foot of $3,624. Notably, the property features a canal-front location with direct access to Biscayne Bay and includes a T-shaped dock, making it suitable for future luxury development.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,825,000
- Address: 690 Solano Prado
- Market: Coral Gables
- Asset Size: 2,987 SF
- Price per Square Foot: $3,624
- Acres: 0.72
- Buyer's Representative: Michael Martinez - One Sotheby's International Realty
- Seller's Representatives: Ana Teresa Rodriguez & Virginia Aizpurua - ATR Luxury Homes Group - Coldwell Banker
The deal was represented by Michael Martinez from One Sotheby's International Realty for the buyer and Ana Teresa Rodriguez and Virginia Aizpurua from ATR Luxury Homes Group at Coldwell Banker for the seller. The transaction is noted for setting a record for older home sales in the Old Cutler Bay neighborhood, highlighting the desirability of the area.
Players
Coral Gables Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93