Warwick Mobile Home Park LLC Acquires SFR On Hibiscus Island, Miami Beach For $9.3M
225 North Hibiscus Drive, Miami Beach, FL, USA & 225 North Hibiscus Drive, Miami Beach, FL, USA
$9,300,000
$659/SF
Building Size
14,100 SF
Asset Type
Single Family Residence
Closing
Apr 14, 2020
AI
Located in the prestigious Hibiscus Island of Miami Beach, this single-family residence (SFR) at 225 North Hibiscus Drive has recently changed ownership. The property, spanning over 7,050 square feet, offers ample space for comfortable living. The transaction took place on April 15, 2020, with the buyer being Warwick Mobile Home Park LLC and the seller being World Missionary Press. The property was sold at a price of $9,300,000, resulting in a price per square foot of $1,319.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,300,000
- Date: 04/15/2020
- Address: 225 North Hibiscus Drive
- Market: Hibiscus Island, Miami Beach
- Buyer: Warwick Mobile Home Park LLC - Dalton Warwick
- Seller: World Missionary Press
- Buyer's Representative: Daniel Alvarez - Miles Goldstein Real Estate
- Seller's Representative: Laurie Reader - Laurie Finkelstein Reader Real Estate LLC
- Square Footage: 7,050
- Price per Square Foot: $1,319
Daniel Alvarez, representing Miles Goldstein Real Estate, assisted Warwick Mobile Home Park LLC in the transaction. On the other hand, Laurie Reader, from Laurie Finkelstein Reader Real Estate LLC, acted as the seller's representative. The deal reflects the desirability of properties on Hibiscus Island and showcases the expertise of the involved individuals and companies.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93