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370 South Hibiscus Drive

Buyers Eloy Carmenate And Mick Duchon Acquire 370 South Hibiscus Drive Miami Beach For 31.75M
SOLDSingle Family Residence

Buyers Eloy Carmenate And Mick Duchon Acquire 370 South Hibiscus Drive Miami Beach For 31.75M

370 South Hibiscus Drive

$31,750,000

$2,952/SF

Building Size

10,754 SF

Asset Type

Single Family Residence

Closing

Jul 17, 2025

AI

370 South Hibiscus Drive, Miami Beach — a single-family home sold for $31,750,000. The property spans 10,754 square feet with a PPSF of $2,952, and the transaction closed on 07/18/2025 within the Miami Beach market.

Summary of transation details:

  • Property Type: Single Family
  • Transaction Amount: $31,750,000
  • Date of Closing: 07/18/2025
  • Mick Duchon - The Corcoran Group
  • Eloy Carmenate - The Corcoran Group
  • Liz Hogan - Compass

The deal involved The Corcoran Group as the buyers’ representative for Mick Duchon and Eloy Carmenate and Liz Hogan of Compass as the seller’s representative, highlighting the brokers and firms behind the transaction.

Players

Eloy Carmenate

The Corcoran Group

Broker

$584.2M

vol

32 deals

Broker
Compass
CompassBrokerage

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

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93