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
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.
Players
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