Landau Properties Sells Condo At 9110 West Bay Harbor Drive For $13 Million With David Pullman And Vanessa Frank As Seller's Representatives
Building Size
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Asset Type
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Closing
Dec 8, 2025
AI
The property asset involved in the transaction is a condo located at 9110 West Bay Harbor Drive, Residence 6, in the Bay Harbor Islands market. It is listed at a price of $13,000,000 and has a total square footage of 5,164, resulting in a price per square foot of $2,517.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,000,000
- Address: 9110 West Bay Harbor Drive, Residence 6
- Market: Bay Harbor Islands
- Seller: Landau Properties
- Buyer's Representative: Kyle Blackmon - Compass
- Seller's Representatives: David Pullman & Vanessa Frank - One Sotheby's International Realty
- Square Footage: 5,164
- Price per Square Foot: $2,517
This transaction is notable as it completes the sales at Indian Creek Residences, marking the full sell-out of the project. The architectural design of the building aimed for a boutique feel that emphasizes privacy and elegance, created by Kobi Karp and Linda Zarifi. Nearby, Landau Properties has initiated leasing at One Kane, reflecting their continued commitment to design and hospitality within the area.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93