Elle Macpherson Sells Coral Gables Mansion For $18.5 Million With Brokers Pablo Alfaro And Judith Zeder
9550 Journey's End Road
$18,500,000
$2,225/SF
Building Size
8,314 SF
Asset Type
Single Family
Closing
Sep 20, 2024
AI
A single-family estate located at 9550 Journey's End Road in Coral Gables was sold for $18,500,000. This property spans 1.71 acres and features a total of 8,314 square feet. The price per square foot for this transaction amounts to $2,225. The estate is of Normandy style and was renovated to accommodate the seller's art collection.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $18,500,000
- Square Footage: 8,314
- Address: 9550 Journey's End Road
- Market: Coral Gables
- Seller: Elle Macpherson
- Buyer's Representative: Judith Zeder - Coldwell Banker
- Seller's Representative: Pablo Alfaro - Douglas Elliman
- Acres: 1.71
- Price per Square Foot: $2,225
Elle Macpherson sold the Coral Gables mansion after initially listing it for $29 million in 2022 and managed to double her investment made in 2018 when she purchased the property for $8.1 million. The buyer's representative in this transaction was Judith Zeder from Coldwell Banker, while the seller was represented by Pablo Alfaro of Douglas Elliman.
Players
Coral Gables 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93