Updated Dec 4, 2024
Waterfront Home On Davis Islands Sold For $7.05M With Premier Sotheby's And Compass Reps
88 Adalia Avenue
$7,050,000
$1,731/SF
Building Size
4,071 SF
Asset Type
Single Family
Closing
Sep 28, 2023
About this deal
AI
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
Tampa Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.7K per square foot on a published $7.1M for 4,071 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93