Updated Jul 31, 2026
Pascal Nicolai Of Sabal Development Sells Luxury Estate In Miami For $22.5M
4040 Kiaora Street
$22,500,000
$2,547/SF
Building Size
8,833 SF
Asset Type
Single Family
Closing
Jul 30, 2026
About this deal
AI
A newly built luxury estate was sold at 4040 Kiaora Street in Miami’s Coconut Grove for $22.5 million. The 8,833-square-foot single-family residence was constructed by Sabal Luxury Builder.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $22,500,000
- Square Footage: 8,833
- Price per Square Foot: $2,547
- Seller: Pascal Nicolai - Sabal Development
- Broker: Lourdes Alatriste - Douglas Elliman
- Market: Miami, FL
Pascal Nicolai, representing Sabal Development, executed the sale of the property, with Lourdes Alatriste serving as the broker for the listing during the transaction.
On the Map
$22,500,000
$2,547/SF
Single Family
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Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $22.5M for 8,833 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93