Updated Oct 29, 2024
205 North Hibiscus Drive Sold In Miami Beach For $9M With Buyer's Rep Chad Carroll & Seller's Rep Andres Morales
205 North Hibiscus Drive, Miami Beach, FL, USA
$9,000,000
$2,580/SF
Building Size
3,488 SF
Asset Type
Single Family Residence
Closing
Mar 7, 2021
About this deal
AI
The property involved in the transaction is a single-family residential (SFR) located at 205 North Hibiscus Drive in Miami Beach. The property spans 3,488 square feet and was sold for a price of $9,000,000, resulting in a price per square foot of $2,580.
Summary of transation details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $9,000,000
- Address: 205 North Hibiscus Drive
- Market: Miami Beach
The buyer, 205 North Hibiscus Drive Holdings LLC, acquired the property from the seller, Ingrid P. Innes and Christopher Innes, who represented The Crockett Family Trust. Chad Carroll from Compass served as the buyer's representative, while Andres Morales from Real Estate Sales Force represented the seller.
On the Map
$9,000,000
$2,580/SF
Single Family Residence
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Miami Beach 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93