Updated Dec 19, 2023
Eren Spring Acquires SFR On Hibiscus Island, Miami Beach For $2.375M
118 East 3rd Court, Miami Beach, FL, USA
$2,375,000
$943/SF
Building Size
2,517 SF
Asset Type
Single Family Residence
Closing
Nov 18, 2021
About this deal
AI
A single-family residence located at 118 E 3rd Court in Hibiscus Island, Miami Beach has been sold in a recent transaction. The property spans across 2,517 square feet and was sold for a price of $2,375,000, resulting in a price per square foot of $944.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,375,000
The buyer in this transaction was Eren Spring, while the seller was Marcus Lara. The deal was facilitated by Nicholas Cato from Coldwell Banker and Omar Garban from Douglas Elliman.
On the Map
$2,375,000
$943/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $943 per square foot on a published $2.4M for 2,517 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.68%
Cash-on-Cash
-1.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93