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MENA VERIFIED™ Featured

The 'Golden Triangle' Error: Historic Spanish Estate in Distress

909 Roderigo Ave

3 Beds 2.0 Baths 18,374.0 sqft / 1,707 m² Built: 1930
$1,717,400

AED د.إ
6,302,858 د.إ
SAR ر.س
6,440,250 ﷼

Property Highlights

Historic 'Old Spanish' (1930)
Detached Guest Cottage & Pool
Tax Delinquent ($21k Outstanding)
Golden Triangle Location
Absentee Corporate Owner (TX)
Vacant / 100% Equity

About This Property

ARCHETYPE: THE ‘STORY’ PROPERTY (DEAL ZERO)

The Narrative:
This is a classic case of an absentee investor underestimating Florida luxury carry costs.
“Design Week International Inc” (based in Texas) purchased this historic 1930s gem in Aug 2023 for $1.37M Cash.
However, they failed to account for the tax …

Essential Specifications

Property ID 222
Properties House 🏡

Price Conversions

USD $
$1,717,400
AED د.إ
6,302,858 د.إ
SAR ﷼
6,440,250 ﷼
QAR ﷼
6,251,336 ﷼
KWD د.ك
532,394 د.ك
EUR €
€1,580,008
Exchange rates updated daily

Amenities & Features

Pool
Vacant
Tax Delinquent Opportunity
100% Equity
1930 Old Spanish
Guest Cottage / Casita
Golden Triangle Location
Impact Windows
Vaulted Ceilings

Floor Plans

Main Residence Layout

Main Residence Layout

Guest Cottage (Casita)

Guest Cottage (Casita)

Video Tour

3D Virtual Tour

Investment Thesis

Tax Arbitrage Opportunity: Acquire a Golden Triangle historic asset at ~30% below market value due to owner tax delinquency. Value-add lies in activating the detached Guest Cottage (ADU) for short-term rental, pushing pro-forma NOI over $100k/annum.

Interactive Investment Calculator

Annual Performance
6.4%
Cap Rate
6.4%
Net Yield
Projected Annual Cash Flow
$9,119 / Month
Est. Annual Expenses (P&I Excluded)
$55,438

Annual Expense Breakdown (Estimate)

*Calculations are estimates based on standard assumptions (e.g., 20% down, 30-year term, typical US tax/insurance rates). For a detailed analysis, consult our investment specialists.

10-Year Cash Flow Projection (USD)

Yield Comparison: Real Estate vs. Other Assets

Exact Property Location

Nearby Places (POIs)

Airport
N/A
School
N/A
Hospital
N/A
Market/Mall
N/A
Transportation Access
N/A
Lync Investment Score
94 /100
Verified Gem

Scored against MENA investor preferences & market data.

Verified for MENA Investors
  • Title Clear

    Free of liens & encumbrances.

  • FIRPTA Compliant

    Tax structure ready for foreign buyers.

  • RON Capable

    Close this deal via Remote Online Notary.

ID: 222 Safe to Buy

Deal Dossier

Confidential

Access the full investment memorandum, including cap rate analysis, renovation scope, and neighborhood growth stats.

Exclusive to registered investors.

Property Broker 📋

18
Years Exp.
0
Sold
0
Active Listings
5.0★
Rating
$1,717,400
3 / 2.0

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