Updated Dec 4, 2024
Mediterranean Florida-Style Estate In Charlotte Sells For Record $8.4M
8371 Providence Rd
$8,400,000
$660/SF
Building Size
12,718 SF
Asset Type
Single Family
Closing
Jun 5, 2024
About this deal
AI
A Mediterranean Florida-style estate located at 8371 Providence Road in Charlotte, NC, was sold for a record-breaking price of $8.4 million. This single-family property spans 12,718 square feet and was sold at a price per square foot of $660, exceeding the previous record by $800,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,400,000
- Address: 8371 Providence Rd
- Market: Charlotte, NC
- Buyer's Rep: Liza Caminiti - Christie's International Real Estate
- Seller's Rep: Lena Horrigan - Henderson Ventures
The sale of the Mediterranean Florida-style estate at 8371 Providence Road in Charlotte, NC, was facilitated by Liza Caminiti from Christie's International Real Estate, representing the buyer, and Lena Horrigan from Henderson Ventures, representing the seller, in this significant transaction.
Players
Charlotte Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $660 per square foot on a published $8.4M for 12,718 square feet (2024).
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Browse Charlotte single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93