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Eddie Irvine Acquires $10.5M Single Family Property On South Hibiscus Drive

Property Image
SOLD
$10,500,000
Albert Justo
Julian Johnston
+ 1

Florida

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Single Family Residence4,604 SF
Sold 04/29/2021
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Property Image
SOLD

Eddie Irvine Acquires $10.5M Single Family Property On South Hibiscus Drive

24 South Hibiscus Drive, Miami Beach, FL, USA

See Similar Deals
Single Family Residence4,604 SF
Sold 04/29/2021
Albert Justo
Julian Johnston
+ 1
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,280
Total Square Footage:4,604 SF
Transaction Type:Sale

This single-family property located at 24 South Hibiscus Drive in Miami Beach was recently sold in a transaction. The property spans 4,604 square feet and was sold for a price of $10,500,000, resulting in a price per square foot of $2,281.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $10,500,000
  • Address: 24 South Hibiscus Drive, Miami Beach
  • Market: Miami Beach

The buyer of this property was Eddie Irvine, while the seller was Astoria Holdings Limited, represented by Mariia Bakhtarova. Julian Johnston from The Corcoran Group acted as the buyer's representative in the transaction, and Albert Justo and Mirce Curkoski from One Sotheby's International Realty represented the seller.

Players

Julian Johnston
55 deals$777.3M volume(305) 502-3985
BROKER

Albert Justo
Sotheby's International Realty
18 deals$309.3M volume
BROKER

Mirce Curkoski
Sotheby's International Realty
22 deals$356.5M volume
BROKER

Details

SOLD
IMAGE: Albert Justo, Eddie Irvine, Julian Johnston & Mirce Curkoski DATE: 04/29/2021 ADDRESS: 24 South Hibiscus Drive MARKET: Miami Beach ASSET TYPE: Single Family BUYER: Eddie Irvine SELLER: Astoria Holdings Limited - Mariia Bakhtarova BUYER'S REP: Julian Johnston - The Corcoran Group SELLER'S REP: Albert Justo & Mirce Curkoski - One Sotheby’s International Realty SALE PRICE: $10,500,000 SF: 4,604 ~ PPSF: $2,281

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$559,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28