Updated Oct 28, 2024
Hibiscus Islands Holdings Acquires Miami Beach Single Family For $27M
225 North Hibiscus Drive, Miami Beach, FL 33139, USA
$27,000,000
$3,399/SF
Building Size
7,942 SF
Asset Type
Single Family Residence
Closing
May 19, 2020
About this deal
AI
The property involved in this closed transaction is a Single Family asset located at 225 & 205 North Hibiscus Drive in Miami Beach. The transaction took place on 05/19/2021.
Summary of transaction details:
- Property Type: Single Family
- Sale Price: $27,000,000
- Address: 225 & 205 North Hibiscus Drive, Miami Beach
Hibiscus Islands Holdings LLC purchased the property from Ronald J. Leonhardt, Jr., a representative of Brecksville.
The single family residence sale at 225 North Hibiscus Drive, Miami Beach, FL 33139, USA in Miami Beach, Florida sold for $27M in 2020. The building is 7,942 square feet, implying about 3.4K per square foot on the published price. Named participants on the 225 North Hibiscus Drive, Miami Beach, FL 33139, USA sale are Ronald J. Leonhardt, Jr.. This page is the Miami Beach, Florida file for the 225 North Hibiscus Drive, Miami Beach, FL 33139, USA single family residence sold: pricing, party profiles, and other closed single family residence comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach single family residence set by closing date to see what else sold near 225 North Hibiscus Drive, Miami Beach, FL 33139, USA around 2020. Published consideration for 225 North Hibiscus Drive, Miami Beach, FL 33139, USA is $27M, dated 2020. Cite this Hibiscus Islands Holdings Acquires Miami Beach Single Family For $27M sale when underwriting similar single family residence product around Miami Beach, Florida.
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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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93