At a glance
- Property records show the complex last sold for $8.5 million in 1995.
- Apartments.com lists units at $1,750 a month, $556 below the Kendall submarket average of $2,306, according to Cushman & Wakefield.
- The nearest recent Kendall comp, the $65.5 million sale of 10605-10651 Hammocks Boulevard, came to $248,000 a unit for 264 units, or 24% more per unit than Ralgo paid.
Ralgo Group of Miami bought the 267-unit Residences at 107 Ave. in Kendall for $53.5 million, or $200,000 a unit, Commercial Observer reported Nov. 13.
Property records show the complex last sold for $8.5 million in 1995. The seller was Residences at 107 Ave., led by Merco Group's Belinda Meruelo and Miami Beach attorney Felix M. Caceres II. The three-story complex at 8520 Southwest 107th Avenue was built in 1972 and 1974 on 9.2 acres. It totals 283,695 square feet and includes two pools.
Apartments.com lists units at $1,750 a month, $556 below the Kendall submarket average of $2,306, according to Cushman & Wakefield. The submarket average rose 0.6% year over year as of mid-2026, with occupancy at 94.2%.
The nearest recent Kendall comp, the $65.5 million sale of 10605-10651 Hammocks Boulevard, came to $248,000 a unit for 264 units, or 24% more per unit than Ralgo paid. The sale gives owners and investors a $200,000-per-unit benchmark for similar 1970s Kendall garden apartments.
Ralgo paid 24% less per unit than the Kendall comp
Per-unit price, total price and unit count for the two Kendall apartment trades
Residences at 107 Ave.
$200,000 per unit
- Total price
- $53.5M
- Units
- 267
- Built
- 1972 and 1974
10605-10651 Hammocks Blvd.
$248,000 per unit
- Total price
- $65.5M
- Units
- 264
Show as table
| Residences at 107 Ave. | 10605-10651 Hammocks Blvd. | |
|---|---|---|
| Figure | $200,000 per unit | $248,000 per unit |
| Total price | $53.5M | $65.5M |
| Units | 267 | 264 |
| Built | 1972 and 1974 |
Reported by the Deals desk from Commercial Observer, Cushman & Wakefield and Apartments.com. Published . Corrections