Scott & Kristen Wagner Purchase Condo From Gus A. Goldsmith For $9 Million In Aventura
$9,000,000
Building Size
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Asset Type
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Closing
Mar 3, 2026
AI
The property involved in this transaction is a condo located at 5000 Island Estates Dr, PH-1508 in Aventura. It was sold for $9,000,000, encompassing a total area of 6,200 square feet, resulting in a price per square foot of $1,452.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $9,000,000
- Address: 5000 Island Estates Dr, PH-1508
- Market: Aventura
- Square Footage: 6,200
- Price Per Square Foot: $1,452
- Buyer: Scott & Kristen Wagner
- Seller: Gus A. Goldsmith
- Broker: Richard Goihman & Ivonn Goihman - The Goihman Group
This sale marks the highest condo sale in the history of Aventura, underscoring the significance of this transaction within the market. The individuals representing the broker in this transaction are Richard Goihman and Ivonn Goihman, part of The Goihman Group, with both involved in facilitating the deal.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93