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88 Adalia Avenue

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

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

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

Christina Navatta Mueller

Sotheby's International Realty

Broker

$7.1M

vol

1 deal

Broker

Tampa Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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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