Updated Dec 4, 2024
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
About this deal
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.
On the Map
$18,500,000
$2,225/SF
Single Family
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Players
Coral Gables Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $18.5M for 8,314 square feet (2024).
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Browse Coral Gables single family sales on Traded.
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