Updated Dec 4, 2024
Manuel A. Cruz Buys Single Family Home In Miami For $5.85M
7111 Los Pinos Boulevard
$5,850,000
$897/SF
Building Size
6,521 SF
Asset Type
Single Family
Closing
May 6, 2024
About this deal
AI
The single-family property located at 7111 Los Pinos Boulevard in Miami was sold in a recent transaction. The asset spans 6,521 square feet and was sold for $5,850,000, at a price per square foot of $897. The seller, Kim Hughes, completed the sale to the buyer, Manuel A. Cruz.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $5,850,000
- Market: Miami
- Buyer: Manuel A. Cruz
- Seller: Kim Hughes
- Buyer's Rep: Margarita Ferro - Portal Real Estate
- Seller's Rep: Nancy Batchelor & Bettina Munoz - Compass
- Asking Price: $6,300,000
- SF: 6,521
- PPSF: $897
The buyer's representative in the transaction was Margarita Ferro from Portal Real Estate. On the seller's side, Nancy Batchelor and Bettina Munoz from Compass represented Kim Hughes in the sale of the property on Los Pinos Boulevard.
On the Map
$5,850,000
$897/SF
Single Family
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Players
Coral Gables Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $897 per square foot on a published $5.9M for 6,521 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93