641 Leucadendra Dr
Coral Gables, FL 33156 · single_family · For Sale · 35 days on market
Asking price$78,000,000
8 beds 10 baths 13,193 sqft
Suggested offer$16,062,553$61,937,447 above the est. market value of $16,062,553.
View on Realtor.com →Listed by Adriana De Castro · One Sotheby's International Realty
Typesingle_family
Built2025
Price / sqft$5912
Est. value (own analysis)$16,062,553
Rent estimate (Zillow ZIP avg)$2,706/mo
HOA$708/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-29
Removed date—
MLSMiamiMLS #A12059201
Coordinates25.69127, -80.26600
Address641 Leucadendra Dr
CityCoral Gables
StateFL
Zip33156
Listing ID5815641952
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33156)
Typical home value (ZHVI)$1,543,591
Typical rent (ZORI)$2,706/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $78,000,000 |
| Down payment (20.0%) | $15,600,000 |
| Loan amount | $62,400,000 |
| Closing costs (5.0%) | $3,900,000 |
| Total cash to close | $19,500,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,706$32,468 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,489$29,870 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $123,500$1,482,000 |
| Insurance (est. scaled by flood & wind risk) | $101,400$1,216,800 |
| HOA dues | $708$8,496 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $135$1,623 |
| Total operating expenses | $225,743$2,708,919 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $135$1,623 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 8 | 9 | 9,532 | $65,000 | 2026-07-21 | — | |
| single_family | 8 | 9 | 8,673 | $49,000 | 2026-07-30 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 6730 SW 115th St | single_family | 8 | 9 | 9,117 | $11,100,000 | 2026-05-27 |
| 33 Arvida Pkwy | single_family | 8 | 8 | 12,543 | $55,000,000 | 2026-04-22 |
| 12211 Pine Needle Ln | single_family | 8 | 7 | 6,826 | $5,220,000 | 2026-03-10 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 6290 Chapman Field Dr | single_family | 8 | 12 | 11,670 | $16,250,000 | — |
| 6300 Moss Ranch Rd | single_family | 8 | 11 | 8,931 | $7,995,000 | — |
| 5771 SW 94th St | single_family | 8 | 9 | 12,023 | $21,495,000 | — |
| 5900 SW 129th Ter | single_family | 8 | 9 | 9,935 | $16,990,000 | — |
| 12900 SW 63rd Ave | single_family | 8 | 9 | 9,019 | $11,999,999 | — |
| 6990 SW 91st St | single_family | 8 | 8 | — | $5,995,000 | — |
| 6190 SW 128th St | single_family | 8 | 11 | 9,800 | $10,599,999 | — |
| 7425 Howard Dr | single_family | 8 | 9 | 8,455 | $6,900,000 | — |
10-year hold projection
IRR-15.4%
Equity multiple-1.68x
Total return (10yr)-$42,030,130
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $80,340,000 | -$2,679,049 | -$7,492,663 | $61,723,445 | $18,616,555 |
| 2 | $82,750,200 | -$2,745,876 | -$7,559,530 | $61,000,431 | $21,749,769 |
| 3 | $85,232,706 | -$2,814,369 | -$7,628,065 | $60,227,767 | $25,004,939 |
| 4 | $87,789,687 | -$2,884,570 | -$7,698,308 | $59,402,042 | $28,387,645 |
| 5 | $90,423,378 | -$2,956,521 | -$7,770,303 | $58,519,615 | $31,903,763 |
| 6 | $93,136,079 | -$3,030,266 | -$7,844,093 | $57,576,590 | $35,559,489 |
| 7 | $95,930,162 | -$3,105,849 | -$7,919,722 | $56,568,807 | $39,361,354 |
| 8 | $98,808,066 | -$3,183,317 | -$7,997,237 | $55,491,818 | $43,316,248 |
| 9 | $101,772,308 | -$3,262,716 | -$8,076,685 | $54,340,872 | $47,431,437 |
| 10 | $104,825,478 | -$3,344,095 | -$8,158,113 | $53,110,888 | $51,714,589 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.