Updated Dec 21, 2023
Maurice Boschetti Of Boschetti Realty Group, LLC Sells Miami Beach SFR For $16.75M
224 South Hibiscus Drive, Miami Beach, FL 33139, USA
$16,750,000
$2,341/SF
Building Size
7,155 SF
Asset Type
Single Family Residence
Closing
Sep 8, 2021
About this deal
AI
Located at 224 S Hibiscus Dr in Miami Beach, this single-family residential property (SFR) was recently sold on September 8, 2021. The property, spanning across 7,155 square feet, boasts a selling price of $16,750,000, resulting in a price per square foot (PPSF) of $2,341. The transaction was facilitated by Maurice Boschetti from Boschetti Realty Group, LLC, who represented the seller.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $16,750,000
- Address: 224 S Hibiscus Dr
- Market: Miami Beach
- Square Footage: 7,155
Maurice Boschetti, who served as the seller's representative in this deal, played an integral role in ensuring a successful transaction. His expertise and professionalism from Boschetti Realty Group, LLC contributed to the sale of this remarkable property.
On the Map
$16,750,000
$2,341/SF
Single Family Residence
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Miami Beach Single Family Residence Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93