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Waterfront Home On Davis Islands Sold For $7.05M With Premier Sotheby's And Compass Reps

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SOLD
$7,050,000

Florida

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Single Family4,071 SF
Sold 09/28/2023
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Property Image
SOLD

Waterfront Home On Davis Islands Sold For $7.05M With Premier Sotheby's And Compass Reps

88 Adalia Avenue

See Similar Deals
Single Family4,071 SF
Sold 09/28/2023
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,731
Total Square Footage:4,071 SF
Transaction Type:Sale

A waterfront home located at 88 Adalia Avenue on Davis Islands in Tampa was recently sold for $7,050,000 in a cash transaction. This sale marks the second-highest price per square foot in Tampa this year, with the property fetching over $1,700 per square foot. The single-family home spans 4,071 square feet and sits on a 0.33-acre lot.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $7,050,000
  • Square Footage: 4,071
  • Price per Square Foot: $1,732
  • Address: 88 Adalia Avenue, Tampa
  • Market: Tampa

The buyer's representatives involved in this transaction were Christina Navatta Mueller and Isabella Denaro from Premier Sotheby's International Realty. On the other side, the seller was represented by Dan Kempka of Compass. This deal was facilitated by these experienced real estate professionals, ensuring a smooth transaction for both parties involved.

Players

Christina Navatta Mueller
1 deal$7.1M volume(813) 385-8510
BROKER

Dan Kempka
Compass
2 deals$11.4M volume(813) 992-0091
BROKER

Isabella Denaro
Sotheby's International Realty
1 deal$7.1M volume(508) 498-1023
BROKER

Details

SOLD
IMAGE: Christina Navatta Mueller, Dan Kempka & Isabella Denaro DATE: 09/28/2023 ADDRESS: 88 Adalia Avenue MARKET: Tampa ASSET TYPE: Single Family ~ ACRES: 0.33 BUYER'S REP: Christina Navatta & Isabella Denaro - Premier Sotheby's International Realty (@PremierSIR) SELLER'S REP: Dan Kempka - Compass (@Compass) SALE PRICE: $7,050,000 SF: 4,071 ~ PPSF: $1,732 NOTE: A waterfront home on Davis Islands at 88 Adalia Ave. was sold for $7.05 million in a cash transaction, marking the second-highest price per square foot in Tampa this year at over $1,700 per square foot. Dan Kempka of Compass represented the seller, and Christina Navatta Mueller of Premier Sotheby's International Realty represented the buyers.

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

$376,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,047.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,420.60
Annual Debt Service$401,047.16