Douglas Elliman Brokers Facilitate $5.1M Sale Of Miami Beach SFR
185 S Hibiscus Dr Miami Beach, FL 33139, USA
$5,100,000
$1,695/SF
Building Size
3,008 SF
Asset Type
Single Family Residence
Closing
Sep 6, 2023
AI
The property involved in this transaction is a single-family home located at 185 South Hibiscus Drive in Miami Beach. The property spans 3,008 square feet and was sold for a total price of $5,100,000, resulting in a price per square foot of $1,695.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $5,100,000
- Square Footage: 3,008
- Address: 185 South Hibiscus Drive, Miami Beach
- Seller: Ashley Fels
- Buyer's Representative: Jordan Karp
- Seller's Representatives: Dina Goldentayer and Joseph Schafer
- Brokerage: Douglas Elliman
The seller of the property was Ashley Fels, while the buyer's representative in the deal was Jordan Karp. Representing the seller were Dina Goldentayer and Joseph Schafer from Douglas Elliman.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93