Mast, Koch drop $38M on Islands of Islamorada Resort in Florida Keys
Mast Capital and Koch Real Estate Investments scooped up an oceanfront resort in the Florida Keys two years after it last sold. The Miami-based developer and Dallas-based investor acquired 22 villas and eight hotel suites at the Islands of Islamorada Resort from the Frisbie Group, according to a news release. Berkadia Miami’s Scott Wadler arranged acquisition financing from Ardent Real Estate. Monroe County records show a deed reflecting a $38.4 million sale and a $40 million mortgage for the 7-acre property at 82779 Old Highway. The recorded price amounts to $1.28 million per key. The buyers plan to relaunch sales […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Sometimes leaders have to take the stairs
Mortgage rates have gone wild, so what’s next for housing?
Nor'easter delays hundreds of flights, airlines waive change fees
Hidden Vermont Sanctuary Sits High Above the Clouds on 210 Acres for $2.5 Million
The ‘Cold Room’ Trend: Could These Greek Housing Layouts Be The Key to Attracting Gen Z Buyers?
Brooklyn’s Working-Class Bastion Bay Ridge Gets a New Luxury Development
Julia Child’s Historic Cambridge Home Near Harvard Square Lists for $6.5 Million
A Frank Gehry Protégé Transformed 20 Blank Acres in Marin—Now it’s On the Market for $4.4 Million
Lustron Homes Were Mass-Produced With Steel as a 1940s Housing Solution—Here’s Why Only 1,200 Still Stand Today
Boeing flags 737 Max software glitch affecting some automated approach functions
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131