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24 South Hibiscus Drive, Mi...

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

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

24 South Hibiscus Drive, Miami Beach, FL, USA

$10,500,000

$2,280/SF

Building Size

4,604 SF

Asset Type

Single Family Residence

Closing

Apr 28, 2021

AI

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

The Corcoran Group

Broker

$777.3M

vol

55 deals

Broker

Eddie Irvine

Buyer

$35.2M

vol

3 deals

Buyer

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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93