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9550 Journey's End Road

Elle Macpherson Sells Coral Gables Mansion For $18.5 Million With Brokers Pablo Alfaro And Judith Zeder
SOLDSingle Family

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:

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

Pablo Alfaro

Douglas Elliman

Broker

$242.2M

vol

13 deals

Broker

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