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
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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