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5000 Island Estates Dr, Ph-...

Scott & Kristen Wagner Purchase Condo From Gus A. Goldsmith For $9 Million In Aventura
SOLD

Scott & Kristen Wagner Purchase Condo From Gus A. Goldsmith For $9 Million In Aventura

$9,000,000

Building Size

Asset Type

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

Richard Goihman

Douglas Elliman

Broker

$17.2M

vol

4 deals

Broker

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